4Ps offers advice on PFI deals in wake of Best Value

1 Jun 00
A government advisory body has published new guidance for local councils on Private Finance Initiative contracts.

02 June 2000

The 4Ps (Public Private Partnerships Programme), a body set up by English and Welsh local authority associations in 1996 to promote PFI deals, says the guidance will help councils to achieve Best Value in co-operative projects with the private sector. It was prepared in conjunction with the Treasury Taskforce and the Department of the Environment, Transport and the Regions.

Peter Fanning, 4Ps' chief executive, said: 'We believe that the PFI approach provides a real opportunity for local authorities to share the burden of complying with Best Value with the private sector, who may be better placed to manage some of the risks involved.'


Did you enjoy this article?