PFI schemes may be pooled
Wednesday 03 February 1999
Under the plans, local authorities will be urged to group together projects below pounds 20m in order to make them more attractive to private investors.
In a radical departure from past PFI schemes, local councils will also be allowed to put together schemes from different sectors such as hospitals, schools and roads, offering contractors the chance to bid for regeneration work in an entire area.
At present a number of small infrastructure schemes under the PFI - the Government programme to foster private-public investment - are shunned by the private sector because their small size does not justify the high cost of bidding for a PFI contract. The chief secretary to the Treasury Alan Milburn yesterday said that smaller PFI projects needed "greater strategic planning".
In his first public pronouncement since taking over the PFI brief from the disgraced Geoffrey Robinson, Mr Milburn said: "We have hundreds of potential deals but they are pretty small scale, between pounds 5m and pounds 20m, and we need to make them more attractive."
Geoffrey Macnab does not like the comedian's big screen debut
Look beyond the usual shows for the best festive telly
The battle for control of Stieg Larsson's £30m legacy
French pub fined €9,000 after customers returned empties to bar - because it's 'undeclared labour'
Sun will 'flip upside down' within weeks, says Nasa
PAs cleared of fraud - and Nigella Lawson left reeling at 'ridiculous sideshow' of drug allegations and public dissection of marriage to Charles Saatchi
Burglar steals video tapes of child abuse, hands them into police
Paul Walker's daughter Meadow attends Justin Bieber Believe premiere
- 1 Bonuses for goals and top four finish as Luiz Suarez joins Premier League's top three earners
- 2 Sun will 'flip upside down' within weeks, says Nasa
- 3 #Teamnigella: It’s the only side to be on
- 4 Christmas comes early: Justin Bieber is 'retiring from music'
- 5 Burglar steals video tapes of child abuse, hands them into police
- < Previous
- Next >
iJobs Money & Business
£Negotiable: Citifocus: High calibre individual with institutional client serv...
£120000 - £150000 per annum: Cornwallis Elt : Programme Manager, Strategy Lead...
£55000 - £120000 per annum: Pro-Recruitment Group: The Financial Services Tran...
£600 - £700 per day: Harrington Starr: Client based in West London is looking ...