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GOVERNMENT ORDERS REVIEW OF PFI PROCESS

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From today local authorities will no longer have to test all capital schemes to see if they can be done under the p...
From today local authorities will no longer have to test all capital schemes to see if they can be done under the private finance initiative, BBC Radio Four's today programme reported this morning.

Paymaster general Geoffrey Robinson has announced a rapid review of the PFI process, led by industrialist Malcolm Bates. The PFI has not been a success, Mr Robinson told Today. 'We are committed to reinvigorating the whole programme and that is why we've set upthis review'.

The review will identify the obstacles to PFI and aim to get rid of them, he said. Instead of universal testing, public authorities should put forward projects which are suitable for the PFI.

The review will be completed by mid June, Mr Robinson said.
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