Private Finance Initiative


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Private Finance Initiative

n
(Government, Politics & Diplomacy) (in Britain) a government scheme to encourage private investment in public projects. Abbreviation: PFI
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Delivery of this groundbreaking private finance initiative programme on schedule is a significant moment for Defence Equipment and Support (DE&S) and the RAF.
A private finance initiative involves a commercial company paying the building costs and then charging rent to the government for pupils and teachers to use it.
Chief executive Alan Foster, for North Tees and Hartlepool NHS Foundation Trust, said: "The trust has submitted a revised outline business case for the new hospital based on the government's new version of the private finance initiative, known as PF2.
Summary: George Osborne is expected to unveil a "faster and more transparent" system for Private Finance Initiatives.
It came close to collapse in 2004 after racking up huge debts on over-ambitious bids for Private Finance Initiative contracts.
The pounds 12bn Defence Technical College (DTC) project at St Athan is the UK's biggest Private Finance Initiative and the largest single investment made in Wales.
Education bosses used the Private Finance Initiative (PFI) scheme for a pounds 55m building programme for nine schools.
Vice-chairman Amelia Simonini said: "The crazy bit is that there would be no VAT charge if this was a publicly operated bridge instead of a Private Finance Initiative.
The OSE plans to establish the market due to the Diet passage in July of private finance initiative (PFI) legislation designed to rationalize infrastructure development projects by introducing private-sector funds and know-how.
com/research/8322aa/the_private_financ) has announced the addition of the "The Private Finance Initiative Market - UK 2010-2014" report to their offering.
The fund will be focusing on social infrastructure assets in Malaysia such as hospitals, schools and training institutions that are built on the basis of private finance initiative on public private partnership basis.
Not out of complacency, I contrast this with the financial position of the North Tees and Hartlepool Hospitals Foundation Trust, because, as it happens, our local hospitals do not have a massive debt to face on account of the Private Finance Initiative.

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