Text entered

The CBI today commented on the National Audit Office’s report: Lessons from PFI and other projects.
Elizabeth Fells, CBI Head of Public Services Reform, said: “The NAO is right to look at ways of improving the procurement of complex infrastructure projects, because this will save taxpayers money.“Given the size of the public deficit, private finance is going to play an increasingly important role in building critical infrastructure. “PFI has already successfully delivered hundreds of hospitals, homes and schools, with the majority built on time and on budget. The Government needs to use a variety of financing options. These should include PFI, as well as newer models, such as tax increment funding and pension fund financing.”