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Table Of Contents

I What is the Private Finance Initiative (PFI)?
A. The scope of PFI projects
B. Types of PFI projects
1. Free-standing projects
2. Joint ventures
3. Services sold to the public sector
II The Origins of the Private Finance Initiative
A. The Ryrie Rules
B. The Private Finance Initiative (PFI)
C. Changes introduced by the Labour Government
1. Treasury Taskforce
2. Partnerships UK15
3. The Office of Government Commerce (OGC)21
III Public finance and the PFI
A. Has the PFI increased Public Expenditure?
B. Is PFI capital expenditure additional or substitutional?
C. How are PFI projects accounted for?
D. Fiscal dilemma
IV Does the PFI offer value for money?
A. Competition and the costs of construction
B. Cost overruns
C. The transfer of risk
1. PFI specific risks
2. The optimal allocation of risk
D. Evidence of value for money
V Current issues
A. High bidding costs
B. The cost of borrowing
C. European Commission Procurement Directive
D. Refinancing of PFI contracts
1. Treasury guidance on refinancing
2. Fazakerley Prison scheme
3. Further refinancing of PFI projects
Appendix 1 A Step by Step Guide to the PFI Process
Appendix 2 Partnerships UK
Appendix 3 The Office of Government Commerce
Appendix 4 Estimates of capital spending by Department
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Published by: MohamadAshmuniHjHussain on Mar 28, 2011
Copyright:Attribution Non-commercial


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