Chancellor Phillip Hammond has called time on the private finance initiative vowing to never sign another deal.
The Chancellor kept the door open to public-private partnerships where it delivered the desired value for the taxpayer.
He said that Government would continue to honour existing PFI deals but killed off PFI for good.
The decision raises a question mark about how the A303 Stonehenge road tunnel project will be financed.
Announcing reforms he said: “We will establish a centre of excellence to manage existing PFI contracts starting in health sector.
“I never will sign off a PFI contract. The government will abolish the use of PFI and PF2.”
from Construction Enquirer http://www.constructionenquirer.com/2018/10/29/government-abolishes-pfi-and-pf2-for-future-projects/
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