Treasury confirms PFI review date
30 October 2012
A Treasury spokesperson has confirmed the date on which the PFI review will be published.
The spokesperson said the review will be published alongside the Chancellor’s Autumn Statement on 5 December, as previously reported by Partnerships Bulletin. The review had originally been expected to be published before the summer, but ministers instead chose to launch the UK Guarantees initiative.
It is thought the review will make only relatively minor changes to the model, rather than delivering a complete overhaul.
However, Nelson Ogunshakin, chief executive of industry body the Association of Consultancy and Engineers – and co-chair of the National Infrastructure Plan Strategic Engagement Forum – suggested a significant reworking of the model would not be necessary.
“It’s time to wake up to what we have achieved with PFI,” he said.
The UK Partnerships Forum, on 13 December 2012, will include a keynote address from Infrastructure UK chief executive Geoffrey Spence, who will discuss the PFI review and capital spending, including announcements made in the Autumn Statement. For more information and to book your place, click here.
