If the project is within the scope of this guidance (i.e. is a service concession, as defined by IFRIC 12), and both construction risk and one of demand or availability risk are transferred to the private sector, then the assets underlying the service concession remain off balance sheet for National Accounts purposes. Accordingly, there is no impact on CDEL budgets as a result of the assets coming on balance sheet for Resource Accounts purposes.
If the PFI project is deemed to be on balance sheet for National Accounts purposes (as there is insufficient risk transfer to the private sector) then there will be a CDEL cost to cover the construction of the asset. You should seek the assistance of your Treasury spending team where this is the case. PES 2009 (7), issued in September 2009, describes how to record PFI type projects on the COINs system.