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.
Local authorities lack the expertise to manage the wind-down of private finance initiative deals as contracts begin to come to an end, a civil servant warned this week.
More than £500bn in planned public and private investment is now in the UK’s infrastructure pipeline, according to an update issued by the Treasury today.
One-third of major Whitehall projects due to be delivered in the next five years could be “unachievable” unless action is taken to improve management of the schemes, the National Audit Office said...
