Resources for research and learning Learn more...
Credits required: 1
NAO-UK report-review of the new building PFI for the Home office government department-2003
In 1996, the Home Office launched a review of its accommodation requirements in central London and concluded that there were deficiencies in its existing estate. This report looks at the details of the transaction for the new/refurbished accommodation building that was created from the PFI project.
Credits required: 1
NAO-UK-report-the failure of the metronet pfi deal-rail metro-2009
In July 2007, Metronet BCV and Metronet SSL, two companies set up to modernise London Underground’s infrastructure, went into administration when they became unable to meet their spending obligations. In May 2008, after ten months in administration, Metronet BCV and SSL’s assets and liabilities were transferred to two new wholly-owned subsidiaries of Transport for London. This report focuses on the Department for Transport’s risk management around the project.
Credits required: 1
NAO-UK-report-the financial analysis of the london underground metro rail project-2000.
The London Underground PPP involved the transfer of trains, stations, track and some 6000 staff to three separate infrastructure companies under 30 year contracts for different parts of the Tube. Under the PPP, London Underground retained responsibility for the operation of train and station services. This report focuses on London Underground's methodology for the financial analysis of bids and the Comparators.
Credits required: 1
NAO-UK-report-the Channel Tunnel rail link-2001
The PFI to build the Channel Tunnel Rail Link was awarded to London & Continental Railways Limited (LCR) in 1996. At the end of 1997 it had become clear that optimistic forecasts for the operating performance of Eurostar UK had scuppered LCR's efforts to raise all the money. The deal was restructured. This report examines: a) the reasons for restructuring the deal; b) the public expenditure implications; and c) the justification for the direct grants which the Link required
Credits required: 1
NAO-UK- report-STEPs -pfi transfer of office/accommodation estate-2004
This report examines the value for money of a property and services outsourcing deal by the UK Inland Revenue, HM Customs and Excise and the Valuation Office Agency known as STEPS (the Strategic Transfer of the Estate to the Private Sector)..
Credits required: 1
NAO-UK-report-the performance and management of hospital pfi contracts-2010
PFI hospital contracts in the UK are awarded and managed by local health Trusts. The contracts use private funding to build and maintain hospital buildings. The contractor often provides support services, typically including cleaning, catering and portering. This report is about the performance of the maintenance and support services under the PFI contracts, and how they are managed by the Trusts.