While British Columbia continues to invest billions in public private partnerships(P3s), a UK Parliamentary Committee today told its government to “wean itself off the practice.” The Treasury Select Committee found: We have not seen clear evidence of savings and benefits in other areas of PFI projects which are sufficient to offset this significantly higher cost of [...]
Entries Tagged as 'PFI'
Public private partnerships under increasing attack in the UK
August 19th, 2011 · Keith Reynolds · 2 Comments · Privatization, P3s & public services, Transparency & accountability
Suspicion about private finance schemes growing in the UK
June 2nd, 2011 · Keith Reynolds · 5 Comments · Privatization, P3s & public services, Transparency & accountability
On May 16th British Columbia’s Auditor General published a report on Vancouver General Hospital P3 that raised serious doubts about public private partnerships in British Columbia. In the UK, where P3s have been around a lot longer, the doubts are getting even graver. Under P3s, or private finance initiative (PFI) as they are known in [...]
