August 22, 2011 Leave a comment
Today I posted over at Dale & Co:
It will be interesting to see how the Chancellor responds to the Treasury Select Committee’s report on the Private Finance Initiative, released to relatively little fanfare on Friday. The Select Committee’s conclusions are stark. The Private Finance Initiative, in its present form, fails to deliver value for money. It should be avoided, except in limited circumstances, until serious structural failings can be addressed.
Pretty much all “public” infrastructure investment over the last twenty years has been financed using PFI. So this conclusion represents a profound challenge. It is a call for a radical change in policy. Not so much a new approach but a return to the old one.
You can read the full post here.