PART THREE There have been developments in the PFI equity market as the PFI market has matured and financial markets have become more liquid

3.1  As the PFI market has matured there have been developments in the PFI equity market. In particular, there is an emerging secondary market for selling shares in PFI project companies. The developments in the PFI equity market may bring benefits to the public sector but at present the public sector has only limited information about the operation of the PFI equity market. There is scope to improve the compilation of this, and other, information on the financing of PFI projects.