As is made clear from the articles that precede and follow this one, the UK government appears to be far from enamoured with projects procured through the Private Finance Initiative (PFI). The question begged by this stance, as far as those with a vested interest in the PFI market is concerned, is ‘what do you propose to replace it with?’
“The question is how to create a new private finance model that works efficiently and delivers the pipeline of projects that needs delivering,” says Laughlan Waterston, head of infrastructure & PPP at banking group SMBC Europe in London.
