Mr Simon Lewis

Simon Lewis

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Projects, Construction & Infrastructure

PFI contracts: gone but not forgotten?
United Kingdom | 15 January 2019

According to a recent budget speech, the government has abolished the private finance initiative (PFI) for future projects. Given its complexity, political sensitivity and knife-edge financial arrangements, it is hardly surprising that the PFI has proved to be so problematic and it is highly unlikely that anyone will be sorry to see it go. However, the question remains as to what will replace it.