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BUSINESS CHIEF IN SECOND PFI PROBE

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Paymaster general Geoffrey Robinson has announced a further examination of private finance initiatives with chairma...
Paymaster general Geoffrey Robinson has announced a further examination of private finance initiatives with chairman of Pearl Group Malcom Bates due to report back in February, the Financial Times reports (p10).

It will be his second examination of PFI, after being called in to help revive it last year, the paper says.

His key aim will be to decide whether the treasury taskforce that has been running the programme should continue after its remit expires in August.

Many in the private sector believe a central body is necessary to maintain PFI's momentum.

Sir Malcolm is expected to consider the creation of a more free-standing body, pushing more responsibility on to government departments.
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