THE PRIVATE FINANCE INITIATIVE IN LOCAL AUTHORITIES

The 4Ps is a local authority funded and sponsored unit whose remit is to assist local authorities in exploring and applying public private partnerships, of which the PFI is predominant at present. The 4Ps was set up in April 1996, it is controlled by a Board of nine members, with all party representation, and has an executive of seven staff. PFI is a strategic procurement tool under which a public sector client procures capital intensive services. It is concerned with more than simply acquiring private sector finance; the purpose of PFI is to make use of private sector resources, skills and management expertise in providing public services and constructing and managing the assets needed to deliver them. For the covering abstract, see IRRD E100685.

Language

  • English

Media Info

  • Pagination: p. 93-6

Subject/Index Terms

Filing Info

  • Accession Number: 00765638
  • Record Type: Publication
  • Source Agency: Transport Research Laboratory
  • ISBN: 0-86050-08-9
  • Files: ITRD
  • Created Date: Jul 1 1999 12:00AM