Rather than “too good to be true”, this scheme is too obvious to happen. Stakeholders, public or private, do due diligence, especially if the “flagship project”, “demonstration case” or “experiment” runs into the hundreds of millions of dollars. This is of public concern.
That’s from Prof. Joseph Henry Vogel in reply to a recent(ish) post on decoupled ABS for PGRFA. Read the whole critique here.