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PROFILE: PETER FANNING, CHIEF EXECUTIVE 4Ps

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What is 4Ps up to at the moment? ...
What is 4Ps up to at the moment?

It's August so we are preparing minds and bodies for the challenge of£4bn worth of private finance initiative projects.

What did you do before joining the company?

Forecast the consumption of Schweppes drinks and the size of the holes in Cadbury's Wispa bars - and some corporate finance with NatWest.

Isn't PFI just an expensive leasing arrangement?

PFI is about procuring capital intensive services such as school buildings and related services. Unlike PFI procured schools, a school leased under an operating lease generally could not be owned by the local education authority. Finance leases are tax-enhanced borrowing with little risk transfer.

How do you rate your own council

Some good news - Waltham Forest LBC has procured a school in Leyton via PFI and the recent pedestrianisation of Church Lane, Leytonstone is really working.

When and where were you happiest?

Watching the world go by from a river taxi in Kerela.

Name six dinner party guests from history?

Oliver Cromwell, John and Mary Lilburne, Golda Meir, Ernest Bevin, and Fanning the pirate - lots of stories.

How would spend£100?

On snowboarding lessons.

What's the silliest thing you've ever done?

Tried to phone Dublin for business on St Patrick's day.

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