The Treasury will work with the DfT to assess which transport projects should be eligible for the reformed private finance initiative.
The Government will initially focus the overhauled PFI, which it is calling PF2, on accommodation projects but says it wants “to ensure all suitable infrastructure projects can take advantage of the benefits of PF2”.
The public sector will be a co-investor in PF2 schemes, so will enjoy a share of the returns on investment. A central unit in the...
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