Future actions

C17  There are, however, a number of important findings of the PwC study which suggest further evaluation:

•  the costs of hedging interest rate risk may be high - see Chapter 9 for proposals to review this;

•  the connection between bid costs and equity returns reinforces the need to improve the procurement costs of PFI; and

•  the actual outturns of PFI schemes should be regularly assessed (see Chapter 8).