Tag Archive: PFI

As UK Auditor disparages P3s, BC continues to use them

Jan 25, 2018
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The public private partnership (P3) model to provide public infrastructure and services is an expensive mess, and new international evidence confirms this. The question now becomes, when is that mess going to wash up on BC’s shore? Despite increasing evidence that P3s are a bad idea, BC’s government is going ahead with this flawed procurement model,… View Article

Public private partnerships under increasing attack in the UK

Aug 19, 2011
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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… View Article

Suspicion about private finance schemes growing in the UK

Jun 2, 2011
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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… View Article