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One size does not fit all
Hoped-for benefits from many PFI schemes have yet to be witnessed by the public because of delays in negotiations.Can the standardisation of PFI documentation help? John Hughes-D'Aeth and Mike Gibson report
The PFI has faced a barrage of criticism in recent months. From allegations of defective facilities and poor value for money to accusations of huge windfall gains on re-financing, it has apparently been open season to attack PFI and all it stands for. The combined impact of recent rail disasters and the collapse of Railtrack (although not itself a PFI vehicle) has also popularly been attributed to the evils of private finance.
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