HM Treasury-UK-guidance note on how to achieve value for money for the public sector on a refinancing of a pfi/ppp project

This note considers: (a) issues for the public sector  in giving consent to a refinancing, namely: i) maximum level of senior debt, and ii) increased termination liabilities. (b) other issues which may arise for the public sector entity at the time of a refinancing, and for which further consents are required, namely: i) contract amendments, and ii) contract extensions.