Two-year hiatus stalls PFI
Article Abstract:
The private finance initiative (PFI) is not expected to boost construction spending until 1997/98, according to senior economist at Barclays Bank, Richard Roberts. A report by 'Building' magazine has also revealed that only 11 PFI projects have been submitted to the Treasury for approval by the six departments investigating private finance. It is thought that planned spending is being shelved until it is clear whether projects can be financed privately.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Growing turbulence at Manchester Airport
Article Abstract:
Construction industry contractors and subcontractors are seeking to improve financial and working arrangements with the management of Manchester Airport, UK after several firms faced liquidation. A new terminal is being constructed at Manchester Airport to meet the expected demands of an extra 10 million passengers by the year 2005. Airport management plan to introduce a new framework for construction contracts to avoid financially damaging situations.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
The man with the toughest job in construction: Heading up Costain, now into its third rescue deal, could be just the challenge John Armitt is looking for
Article Abstract:
John Armitt is the new chief executive of Costain, a construction company, and has spent his first six months facilitating deals with major shareholders and new investor Skanska of Sweden. Skanska has an option to raise its stake to 40%, which could trigger a bid. Armitt acknowledges that would mean a loss of independence to a degree, but that Costain's name and authority are not under threat.
Publication Name: Building
Subject: Construction and materials industries
ISSN: 0007-3318
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Rugs Direct spreads into catalogs, stores. Targeting the customer next door. Press releases become 'news' via search aggregators
- Abstracts: Software vendors on track for postal hike. NJ stalls plan to turn licenses into smart cards
- Abstracts: Cost-cutting headache hits 150m pounds sterling PFI giant. Who dares wins. Two vie for Hong Kong airport
- Abstracts: Merger targets off bid lists. Underground rules. Gummer steps up drive towards quality
- Abstracts: How to carve up a listed building without upsetting the planners. Sweet heart