Redcar and Cleveland Borough Council is set to terminate a private finance initiative contract early to help slim down its office portfolio and deliver savings.
A London council has agreed a multi-million-pound settlement following a legal dispute over cladding fitted during refurbishments to a private finance initiative housing estate.
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.