Public bodies ‘chained’ to PFI, says MP
COMMENTING ON the Commons public accounts committee’s report on the use of the Private Finance Initiative (PFI) in the construction of social housing and hospitals, South Norfolk MP Richard Bacon, a member of the committee, said:
“PFI has been used to build new hospitals and social housing, but many early PFI housing projects have suffered long delays and the cost of providing hospital services varies widely.
“There is no clear evidence that PFI has provided taxpayers with better value for money than alternative means of funding, but many local authorities and NHS Trusts were not offered any realistic alternatives to the use of the Private Finance Initiative.
“Government departments must not chain public bodies to PFI then leave them to twist in the wind. Where PFI is used, the Treasury must make sure it has been assessed against all the alternatives and then only use it when PFI can be clearly shown to offer taxpayers the best value for money”.
18 January 2011
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