The Private Finance Initiative (PFI) is a government policy that was conceived to promote private sector's involvement in the development of infrastructure services in the UK. The policy has led to the development of a new procurement system, for provision of infrastructure services. This paper provides an overview of PFI and outlines the mechanisms for its implementation in the transport sector. The paper proposes the significance of effective implementation of this policy as crucial to its success and to the provision of efficient services. It highlights some of the significant issues influencing PFI's implementation and emphasises the importance of the joint role of public and private sectors in the delivery of efficient transport services. (A)
Samenvatting