National Audit Office
PFI and PF2
A briefing on the rationale, costs and benefits of the Private Finance Initiative; the use of and impact of PFI, and ability to make savings from operational contracts; and the introduction of PF2. There are currently over 700 operational PFI and PF2 deals, with a capital value of around £60 billion and annual charges for these deals amounted to £10.3 …
Published 18 Jan 2018
Value for Money
HM Treasury
Topics: Commercial and financial management, Corporate finance, Infrastructure finance, Private finance
Summary
The NAO's wordsA briefing on the rationale, costs and benefits of the Private Finance Initiative; the use of and impact of PFI, and ability to make savings from operational contracts; and the introduction of PF2. There are currently over 700 operational PFI and PF2 deals, with a capital value of around £60 billion and annual charges for these deals amounted to £10.3 billion in 2016-17. Even if no new deals are entered into, future charges which continue until the 2040s amount to £199 billion.
18 January 2018
18 January 2018
Recommendations
No recommendations are indexed here. The report itself may contain some: see the report on nao.org.uk, linked above.