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MARKET REPORT - BORDERS' LIB DEMS DEFY NATIONAL MASTERS

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Scottish Borders Council's Liberal Democrat administration is to go-ahead with a major schools private finance init...
Scottish Borders Council's Liberal Democrat administration is to go-ahead with a major schools private finance initiative despite comments from the national party condemning the scheme.

Liberal Democrat treasury spokesman Matthew Taylor said: 'PFI is simply a different way of managing projects; the taxpayer still has to pay. PFI does not provide one extra school or hospital.'

But the council intends to bid for funding from the Scottish Executive for a PFI project - Building for the future.

Leader John Ross Scott said: 'I recognise not everyone favours the introduction of PPPs for the provision of new schools. I do believe, however, that this is the only way we are going to attract large sums of government money.'

The council's decision to go-ahead follows a review which identified areas most in need.
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