Authoritative Guidance Summary

2.  The purpose of this guidance note is to explain how the Department should seek to protect its interests with regard to any potential refinancing of a PFI deal. Users of this note should gain:

a.  An understanding of the key issues associated with refinancings;

b.  An appreciation of the relevant guidance applicable to refinancing; and

c.  An understanding of the relevant stakeholders who require consultation prior to a refinancing.