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WESTMINSTER LBC PFI INITIATIVE

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Westminster LBC's policy and resources committee is tonight expected to approve plans for the private sector to reb...
Westminster LBC's policy and resources committee is tonight expected to approve plans for the private sector to rebuild and manage one of its schools, under one of the first proposals to extend the private finance initiative (PFI) to local government, reports the Financial Times (p8).

Plans to invite the private sector to rebuild and operate a replacement for Pimlico school receives cross-party support on the conservative-controlled council.

Under the plan, the contractor would have no educational involvement, but would be able to earn additional income by charging the public to use the amenities at evenings and weekends. As levels of conventional capital funding decrease, more local authorities will seek to involve the private sector in PFI initiatives.
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