Private Finance Initiative - success or failure

Article Abstract:

The UK's Private Finance Initiative (PFI) is a government scheme aimed at encouraging private funding of public infrastructure projects. However, the initiative has been criticised for the amount of time and effort it takes to win contracts, resulting in an overhaul by the new Labour government. PFI has been most successful in areas such as prisons and least successful in the health sector. The prospects for PFI and other public-private partnerships look promising, with several foreign governments facing similar fiscal problems showing an interest in the program.

Manufacturing and Industrial Building Construction, Building, Developing, and General Contracting, Nonresidential Building Construction, GENERAL BUILDING CONTRACTORS, Public Building Construction, Nonresidential Bldgs, Private, United Kingdom, Construction, Finance, Economic policy, Buildings, Public buildings, Government purchasing

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IPP success not guaranteed in China

Article Abstract:

Foreign investors are seeking a share in the Laibin B power plant in China, a Build-Operate-Transfer (BOT) project. BOT legislation will be tested on the project which is situated in the Guancxi Zhuang Autonomous Region. Guangxi is an inland province with unproven foreign exchange abilities. However the government is to guarantee the fuel supply contract and power purchase agreement.

China, Electric power plants, Power plants

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