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{
    "id": 855029,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/855029/?format=api",
    "text_counter": 198,
    "type": "speech",
    "speaker_name": "Sen. Olekina",
    "speaker_title": "",
    "speaker": {
        "id": 407,
        "legal_name": "Ledama Olekina",
        "slug": "ledama-olekina"
    },
    "content": "Therefore, we have to be aware of these risks which are involved and then develop legislation that can cushion citizens of this Republic on those risks involved. Some of those risks include, the issue of the debt incurred; that has got to be paid by somebody. It might be easy for a private entity to get money to finance a project but the risk is that in most cases, the Government, which the public expect to protect their interests will either end up bearing the consequences of a failed project in the event that there are certain risks that the private actor had not taken into consideration, such as fluctuation in exchange rates, where they borrowed money from abroad, and all of a sudden paying back the debt is becoming too expensive. This might render some of these projects as white elephant."
}