UK to review private finance initiative contracts
Date
March 16, 2020
Type
Projects
Countries
UK (United Kingdom)
Subsectors
Other building & Urban Infrastructure
Road
Railway
Solar
Water
Industrial
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The government of the UK has launched its financial budget of 2020 on March 12. The budget includes a review of the private finance initiative (PFI) contracts for infrastructure projects.
The government has retired the PFI and PF2 models for the infrastructure, but there are nearly 600 existing PFI contracts in England. The government will now focus on making sure they are well managed and represent value for money and will allocate GBP 2 million (US$ 2.45 million) in 2020-21 to carry out targeted contract reviews.
