The number of PFI project handbacks will increase significantly in 2025 and subsequent years. Are contracting authorities prepared for new ways of financing these assets? Jamie Hailstone investigates.
Redcar and Cleveland Borough Council is set to terminate a private finance initiative contract early to help slim down its office portfolio and deliver savings.
A London council has agreed a multi-million-pound settlement following a legal dispute over cladding fitted during refurbishments to a private finance initiative housing estate.
Up to 80% of private finance initiatives contracts set to expire by 2028 are not covered by a solid plan for the return to the public sector, according to government’s infrastructure body.
