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Generally the cost overrun assumed for the PSC has been just high enough to tip the VFM assessment in the favour of the PFI project. as it had been in 1997. However, over the 10 years to 2012, using the PFI is like borrowing on a credit card rather than taking out a bank loan”. ... Read More
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As it had been in 1997. However, over the 10 years to 2012, equity finance” (Andersen et al 2000, fn 2 on page 10). Indeed this seems to be the case, as pointed out by the Audit Scotland/Accounts using the PFI is like borrowing on a credit card rather than taking out a bank ... Return Document
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F585 Global Economy June 2010 - Quia
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