Perhaps a large part of what we are seeing are the sort of...

Perhaps a large part of what we are seeing are the sort of ructions that occur when governments attempt to do all at once, what they should have been doing gradually over past decades.

Governments are suddenly dangling very juicy carrots and every man and his dog is jumping on the bandwagon. It's usually a recipe for bad outcomes and unintended consequences.

All this compounded by the fact that governments being governments, in situations such as these, think they can demand the earth. The Sydney tram fiasco with Ferrovial is a good example.

No doubt it will all come to a happier medium. Governments are now realizing that pushing all the risks onto contractors is perhaps not actually such a low risk idea.

Thankfully, some players (MND and LYL, for instance), have a steadier approach to business than most, and have not jumped into the infrastructure bandwagon with the same gusto as others.