1.25 In order to improve the cost effectiveness, value for money and transparency of operational PFI projects, in July 2011 the Government committed to delivering £1.5 billion in savings from projects in England. This followed positive pilot reviews at the Queen's Hospital Romford and three Ministry of Defence projects.
1.26 To date, over £1.5 billion of efficiencies and savings have been achieved from operational PFI contracts in England and close to another £1billion are in discussion.
1.27 Savings have been achieved through more efficient and flexible use of assets, validation of the scope of services, reviewing financing and management costs and adopting invest to save opportunities. All savings are retained by the procuring authority.
1.28 For further detail on the Operational PFI Savings Programme see Chapter 7, Efficiency and Value for Money.