Source · National Audit Office
UK Guarantees scheme for infrastructure
Published: 28 Jan 2015
Type: Value for Money
Department: HM Treasury
Under the Scheme, the Treasury guarantees that lenders to infrastructure projects will be repaid in full and on time, irrespective of project performance. The NAO is calling for the Treasury to be rigorous and objective in assessing whether the guarantees, which transfer risk to the public sector, are genuinely needed.