The Bermuda Public Services Union has published a report on public-private partnerships that outlined its position on the airport redevelopment deal.

In the report, the BPSU states it supports “the position that public-private partnerships are not in the best interest of Bermuda”.

“We believe that PPPs are a more expensive way to finance infrastructure developments and are bad for both the workers and the tax payers in the long run.”

The 21-page report says the BPSU’s concerns about the airport redevelopment PPP are centred “on the procurement process, the high level of costs and the type of financing and privatisation”.

The Union believes this deal will negatively impact Government financial position, increase fees for users and disadvantage the current workforce.

The report adds that the BPSU remains concerned that “an airport redevelopment estimated to cost $250 million will end up costing taxpayers hundreds of thousands of dollars over a 30 to 35-year period”.