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

Details 11 buyouts, 20 terminations and 43 projects with major problems, plus many bailouts, accounting for 28% of PFI/PPP contracts by capital value. 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

Twitter

European Services Strategy Unit, Duagh, Camp, Tralee, County Kerry, Ireland.
Copyright © 1998-2017 European Services Strategy Unit

This document was created by Dexter Whitfield on 2017-02-06 09:59:23.
This document was last modified by Dexter Whitfield on 2017-02-26 11:08:24.
This website has been developed, maintained and hosted by Webarchitects since 1998.