Private finance initiative in use

Chinyio, E; Gameson, RN

Abstract

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.

Citation

Chinyio, E., & Gameson, R. (2009). Private finance initiative in use. In A. Akintoye, & M. Beck (Eds.), Policy, finance and management for public-private partnerships (3-26). UK: Wiley-Blackwell

• Publication Date: Jan 1, 2009
• Deposit Date: Feb 24, 2013
• Pages: 3-26
• Series Title: Innovation in the Built Environment
• Book Title: Policy, finance and management for public-private partnerships
• ISBN: 9781405177917
• Keywords: PFI
• Related Public URLs: http://eu.wiley.com/WileyCDA/Section/id-302257.html