"if done properly", state infrastructure can do this just as well. I'd have a look at the Carillion bankruptcy before claiming that the private sector is a solution.
"Newly discovered tapes have revealed how the energy corporation Enron shut down at least one power plant on false pretences, deliberately aggravating California's crippling 2001 blackouts with the aim of raising prices."
[0] https://www.theguardian.com/business/2005/feb/05/enron.usnew...
And businesses aren't really motivated to provide cheap water or more than bare-minimum health standards.
There are obvious pros and cons on both sides of that debate.
Neither are governments (see Flint).