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Private finance initiative in use

Chinyio, E and Gameson, RN 2009, 'Private finance initiative in use' , in: Policy, finance and management for public-private partnerships , Innovation in the Built Environment , Wiley-Blackwell, UK, pp. 3-26.

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This chapter reviews the performance of the ‘Private Finance Initiative’ (PFI) in terms of service operation. Since its implementation in 1992, several PFI schemes have now gone into their operational phase, so an examination of the quality of service provided under PFI from the perspective of the users would now seem appropriate. When a PFI scheme is proposed it is usually possible to indicate what the expected benefits will be. However, practical realities do not sometimes match projections. Although user groups are often involved in the planning and provision of facilities under PFI, the truest test of satisfaction is to evaluate the perceptions of actual users or beneficiaries of services. Interviews with stakeholders are used to evaluate the feelings of users concerning the efficacy of services and facilities under PFI schemes. To facilitate this evaluation, the PFI concept and process is first introduced, drawing from theory. Readers who are familiar with PFI may thus wish to skip this section. The second half of the chapter describes a recent survey and looks at the performance of some PFI schemes, in the health and leisure sectors.

Item Type: Book Section
Editors: Akintoye, A and Beck, M
Uncontrolled Keywords: PFI
Schools: Schools > School of the Built Environment
Schools > School of the Built Environment > Centre for Built Environment Sustainability and Transformation (BEST)
Publisher: Wiley-Blackwell
Refereed: No
Series Name: Innovation in the Built Environment
ISBN: 9781405177917
Related URLs:
Funders: Non funded research
Depositing User: Dr Rod Gameson
Date Deposited: 24 Feb 2013 22:58
Last Modified: 30 Nov 2015 23:58

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