The refinancing of PFI (Private Finance Initiative) projects represents one of the most contentious aspects of Public Private Partnerships (PPPs) in the UK. The negative publicity associated with UK PFI refinancing deals is associated with several factors, including, evidence of massive private...

This research was sponsored jointly by EPSRC and DETR and involved Carillion, Royal Bank of Scotland, Morrison Construction, Amec, Centre for the Built Environment in Glasgow and Public-Private Partnership Programme Ltd as partners.

The wherewithal of achieving best value in private finance initiative (PFI) projects and the associated problems therein are documented. In the UK, PFI has offered a solution to the problem of securing necessary investment at a time of severe public expenditure restraint. In PFI schemes, the...

Abstract: Purpose – The UK Government has now adopted Private Finance Initiative (PFI) as a major vehicle for the delivery of additional resources to the health sector in order to achieve a greater investment in healthcare facilities. The purpose of this paper is to examine the trends and risk...

This paper reviews the promotion of the Private Finance Initiative (PFI) in the social housing sector in England to illustrate that public policy transfer to new sectors of the public services may be problematic. The first 'PFI pathfinder' schemes in housing were initiated in 1999, but most of...

During recent years, a wide spectrum of research has questioned whether public services/infrastructure procurement through private finance, as exemplified by the UK Private Finance Initiative (PFI), meets minimum standards of democratic accountability. While broadly agreeing with some of these...

In this paper, we propose an evaluation of French public private partnerships by focusing on the implementation phase of infrastructure but also, which is the first time to our knowledge, the operational phase of projects. Using a questionnaire administered to thirty projects in operation, we...