Whitehall told to tender for PFI funds_2
19 July 2012
The controversial public finance initiative (PFI) policy could enter a new phase after official encouragement to put the funding of the projects out to competitive tender.
In a report on the refurbishment of the Treasury building in London, the National Audit Office (NAO) says the innovative method of attracting finance saved £13 million.
The NAO document, Innovation in PFI Financing: The Treasury Building Project, says that in future, government departments should always consider putting funding out to tender.
Renovation of...