Archive Pfi

The following are posts with the 'Pfi' tag:

PF2 - NEW Private Finance Initiative

Reports are saying that in today's Autumn Statement George Osborne will launch an updated version of Private Finance Initiative (PFI) called Private Finance 2 (PF2). The new PF2 initiative will provide a £1.75bn programme to build and refurbish 219 schools as well as the next generation of hospitals and roads. According to the FT, companies will have to disclose their annual profits from such deals for the first time. It will mean the Government is entitled to take an equity stake in project...
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PFI: National Audit

There has been a very damning National Audit Report on the M25 widening scheme. It's not the first PFI project that has come under fire, the Royal Liverpool University hospital PFI is currently being delayed. What's this all about? It seems that the argument over value for money has gone awry. PFI schemes were the preferred method as they were more likely to come in on time and within budget. They also allowed government to spread the up-front cost over a much bigger timeframe. Why the change of...
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