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CHAPTER 27 PFI/PPP projects in the United Kingdom

Construction Insurance and UK Construction Contracts

Page 346


PFI/PPP projects in the United Kingdom

Principles and structures

27.1 The private finance initiative (“PFI”) was introduced in 1992 to encourage private sector businesses to tender to local and central government authorities for the provision of public infrastructure and services. Since then, over 700 projects have been completed and the total value of projects falling under the PFI/PPP umbrella in the United Kingdom exceeds £68 billion.

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