Through privatization, private companies build and own waste treatment or disposal facilities. The federal government generally, then, would not pay for these services until the work is actually completed.
Privatization offers many advantages.
Increased privatized project competition reduces costs over projects conducted by onsite contractors. Earlier initiation of projects in a budget-constrained environment allows facilities to be constructed now, rather than decades from now. As projects are completed earlier, fixed costs are reduced and risk averted. For workers, these projects provide job opportunities that otherwise would not be available. Finally, privatization encourages technical competition.