PFI is Dead…..Long Live PFI!

Nelson Ogunshakin writing for sums up the current state of play in the title to his piece.

PFI has become the popular whipping boy in procurement terms but, as Nelson points out, it did get things built. He picks out some of the lessons learned.

The key for us, however, is that the funding has to come from somewhere and that ain’t Central Government. Our own experience is that there are a number of private sector players developing and promoting various privately funded structures for government infrastructure projects in a variety of sectors.

One of Nelson’s key points is that the “one size fits all” approach of PFI didn’t work. We agree – risk dictates cost and where the risk profile is different, the project structure should allow that to influence prices downward too.

Here is his article in full:

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