5.2.1 Key implementation features of this policy are set out below:
• the public sector equity investment vehicle will be a central government unit (the "CGU") specifically set up to inject equity into PF2 projects. It will be established within HM Treasury and be managed by individuals with the appropriate professional skills to make commercial investment decisions including the management of CGU's portfolio of investments;
• the public sector equity will be priced at a market rate (see Section (5.3.1.2) below which sets out the process for doing this) so as not to undermine competition;
• public sector equity will be invested on essentially the same terms as private sector;
• the proportion of public sector equity will always be at a minority shareholder level; and
• the procuring Authority will not inject any equity into the project.