Q8b-Is the crisis likely to have a permanent effect on the Private Finance market?

26.  We see sponsors and funders staying focused on UK PFI and keen to continue to be involved in the market. There are signs that increased liquidity is returning to the market with the rate at which projects reach financial close increasing. We believe that the pricing of debt will remain higher than it was in mid-2007, but also that it is likely to reduce from its current levels.