PFI was launched in the UK in 1992 as a way to deliver public sector assets and services in partnership with the private sector. PFI has been used to deliver schools, hospitals, highway maintenance, street lighting, waste management, social care, prisons, libraries, fire stations and more, and there are around 700 signed contracts across the UK. HM Treasury collects information on PFI projects from procuring authorities via central Government Departments. This project information is published on the HM Treasury website1, including project name, capital values and future annual unitary charges on existing PFI projects.
HM Treasury holds responsibility for PFI policy in England and PFI policy is devolved in Scotland, Wales and Northern Ireland.
Typical availability based PFI projects have the following features:
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