Abstracts » Business

One pattern won't fit all

Article Abstract:

The UK Private Finance Initiative (PFI) should be approached on a flexible basis if it is to be successful. Each project presents unique opportunities and problems. Partnerships and asset transfers are emerging as key issues in the PFI. Build, own and operate approaches are different from designing, building, financing and running buildings, and maintenance is easier if the building has been designed with maintenance in mind. PFI contracts have tended to involve public tenders but partnerships could be fruitful.

---

A slow but steady conquest

Article Abstract:

The UK Private Finance initiative (PFI) accounts for more than 1,000 projects, and total contracts could be worth 14 billion pounds sterling by 1999. The PFI was introduced in 1992 to transfer risks and profits relating to infrastructure spending to the private sector. The UK National Health Services is beginning one PFI project each month, and there are also schemes for roads and prisons. The government is able to save money and private sector companies can make a profit.

---

PFI's golden child

Article Abstract:

The United Kingdom private finance initiative (PFI) is geared to attracting private sector funds for infrastructure projects like hospitals and roads. Manchester, England, has become a pilot area for PFI schemes after a period of dormancy. Projects include the Metrolink tram venture and the South Manchester Hospitals NHS Trust project. PFI school is also planned for North Manchester, and there are also projects in higher and further education.

Infrastructure (Economics), Finance, Manchester, England

Some parts © 2012 Advameg, Inc.