Submitted by Russell Gates, EC Harris, Partner and Head of PPP
Following the launch of the Treasury Select Committee’s report, scepticism around the role of PFI in helping to fund major projects is once again top of the news agenda. However, if you scratch beneath the surface and examine the statistics in greater detail a more balanced picture begins to emerge. Whilst the reality is that a PFI approach may cost the tax payer more when compared with the equivalent borrowing, the statistics quoted in the report compare costs at the tender stage for traditionally... Read More