PFI/PPP Buyouts, Bailouts, Terminations and Major Problem Contracts, ESSU Research Report No. 9, Dexter Whitfield

Details 74 projects – 11 Buyouts, 20 terminations and 43 with major problems, plus many bailouts. 28% of PFI/PPP contracts by capital value have been to subject to buyout, termination or major problems. The public cost of buyouts, bailouts, terminations and major problem contracts is £27,902m, when combined with the additional cost of private finance, interest rate swaps and higher PFI transaction costs. This could have built 1,520 new secondary schools for 1,975,000 pupils, 64% of 11-17 year old pupils in England. The UK’s 6.8% ratio of buyout and terminated contracts is higher than the 5.4% average of World Bank projects in developing countries for terminated contracts. This ESSU Research Report explains the causes and fundamental flaws in the PFI/PPP model.

Pfi Buyouts Baliouts

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This document was created by Dexter Whitfield on 2017-02-06 09:59:23.
This document was last modified by Dexter Whitfield on 2017-02-12 14:38:44.
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