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The CBI today commented on the Treasury’s pilot scheme to find savings in PFI contracts.
Elizabeth Fells, CBI Head of Public Services Reform, said:“The Government is right to look at making savings from all avenues as part of its deficit-reduction plans. But it needs to maintain private sector confidence in the market, otherwise it could jeopardise future investment in infrastructure projects.“PFI has already successfully delivered hundreds of hospitals, homes and schools, with the majority built on time and on budget. The Government needs a variety of financing options, including PFI, and newer models, such as tax increment funding and pension fund financing.”
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The CBI today commented on the Treasury’s pilot scheme to find savings in PFI contracts.
Elizabeth Fells, CBI Head of Public Services Reform, said:“The Government is right to look at making savings from all avenues as part of its deficit-reduction plans. But it needs to maintain private sector confidence in the market, otherwise it could jeopardise future investment in infrastructure projects.“PFI has already successfully delivered hundreds of hospitals, homes and schools, with the majority built on time and on budget. The Government needs a variety of financing options, including PFI, and newer models, such as tax increment funding and pension fund financing.”
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