An entity providing senior debt to a PFI project. |
Amounts periodically deducted from the Unitary Charge due to failure by the SPV to meet the performance requirements set out in the PFI Contract. |
Any relevant central government department that provides funding to the Public Authority with respect to the PFI Contract. |
Any entity that provides, in respect of the PFI Contract, day to day contract management services to the SPV. Most of the Management Services Providers in the PFI market are owned by SPV Owners. |
Any entity that the SPV outsources its responsibility for the operation and/or maintenance of the PFI project to. |
The mechanism set out in the PFI Contract to calculate and levy Deductions. |
Private Finance Initiative |
The document that established the contractual relationship between the relevant Public Authority and SPV, pursuant to which the SPV agreed to design build operate and maintain the relevant public infrastructure. |
The public entity that procured the PFI project and entered into the PFI Contract. |
Any entity that owns shares in an SPV. |
The special purpose company established for the purposes of delivering the PFI project. This is the entity that the relevant Public Authority awarded the PFI Contract to. |
The scheduled amount payable by the Public Authority to the SPV under the PFI Contract, for performance of the required services. |