The NAO, PAC, HM Treasury, the media and the public have all struggled with a VfM narrative on PFIs in the UK. Good asset condition and smooth handover at expiry can positively affect that narrative significantly. The Australian IPA report found that the PPP facilities 'down-under' maintain value for money over the long term. It is hoped that with a programme approach to PFI compliance and expiry in the UK, the same will be the case in the UK.
We would be delighted to answer any queries you may have or provide further information if you wish and look forward to your publication.