Private Finance Initiatives Can Still Deliver Projects for the Public Sector Across Wales
Western Mail › October 31, 2007
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Summary
Last week an invitation dropped through my letter box inviting the CBI to give evidence to the Assembly Finance Committee's review of the Private Finance Initiative and its use in Wales. And then, as I was planning how we should respond, I turned on BBC Wales' Dragon's Eye programme which devoted most of its time to PFI in the health service and the decision taken by the current Assembly Government not to use this scheme to deliver health projects.
The First Minister told Dragon's Eye that the trend in the NHS is away from large general hospitals and towards smaller more local health centres.See the full content of this document
Extract
Private Finance Initiatives Can Still Deliver Projects for the Public Sector Across Wales
These smaller projects, he felt, were less suitable for PFI funding, being less attractive to the market and incurring bidding costs that are disproportionate to their value.
Other potential uses for PFI, such as schools, were not ...See the full content of this document
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