Financing PFI projects in the credit crisis and the Treasury's response

REPORT BY THE
COMPTROLLER AND
AUDITOR GENERAL

HC 287
SESSION 2010-2011

27 JULY 2010

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HM Treasury

Financing PFI projects in the credit
crisis and the Treasury's response

Our vision is to help the nation spend wisely.

We apply the unique perspective of public audit to help Parliament and government drive lasting improvement in public services.

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The National Audit Office scrutinises public spending on behalf of Parliament. The Comptroller and Auditor General, Amyas Morse, is an Officer of the House of Commons. He is the head of the National Audit Office which employs some 900 staff. He and the National Audit Office are totally independent of Government. He certifies the accounts of all Government departments and a wide range of other public sector bodies; and he has statutory authority to report to Parliament on the economy, effciency and effectiveness with which departments and other bodies have used their resources. Our work leads to savings and other efficiency gains worth many millions of pounds: £890 million in 2009-10.

This report examines the effects of the credit crisis on privately financed government infrastructure projects, the Treasury's response and the challenges ahead.

© National Audit Office 2010

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