Thursday 28 Apr 2011 @ 09:53
WiredGov Newswire (news from other organisations)
WiredGov Newswire (news from other organisations)
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CBI Comments On Nao Report On PFI
The CBI today commented on the National Audit Office’s report: Lessons from PFI and other projects.
Elizabeth Fells, CBI Head of Public Services Reform, said:
“The NAO is right to look at ways of improving the procurement of complex infrastructure projects, because this will save taxpayers money.
“Given the size of the public deficit, private finance is going to play an increasingly important role in building critical infrastructure.
“PFI has already successfully delivered hundreds of hospitals, homes and schools, with the majority built on time and on budget. The Government needs to use a variety of financing options. These should include PFI, as well as newer models, such as tax increment funding and pension fund financing.”
Elizabeth Fells, CBI Head of Public Services Reform, said:
“The NAO is right to look at ways of improving the procurement of complex infrastructure projects, because this will save taxpayers money.
“Given the size of the public deficit, private finance is going to play an increasingly important role in building critical infrastructure.
“PFI has already successfully delivered hundreds of hospitals, homes and schools, with the majority built on time and on budget. The Government needs to use a variety of financing options. These should include PFI, as well as newer models, such as tax increment funding and pension fund financing.”
Notes to Editors:
The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.
Media Contact:
CBI Press Office on 020 7395 8239, or out of hours pager on 07623 977854, email: press.office@cbi.org.uk. Follow the CBI on Twitter at: www.cbi.org.uk/twitter
