‘Serious disruption’ possible in hospitals with expiring PFI contracts, report says

Government yet to reveal plans for 154 private finance initiatives due to expire during current parliament

Hospitals and schools that depend on private finance initiative contracts are in danger of serious disruption" unless they can find a way to cope when they expire in the next year, a report has warned.

There are 154 PFI-funded projects that will expire during this parliament, covering hospitals, schools and transport, and the government has failed to give details about how the transition to new arrangements will take place, according to the report from the Association of Infrastructure Investors in Public Private Partnerships (AIIP), chaired by the Labour peer and former frontbencher John Hutton.