Flawed PFI schools cost Edinburgh £100m too much

http://www.european-services-strategy.org.uk/news/2016/flawed-pfi-schools-cost-edinburgh-ps100m-too-m/

The additional cost of PFI for the PPP1 schools project is estimated to be £104m compared to the cost of direct provision by the City Council. Offshore infrastructure funds own a majority of equity in the special purpose company and 100 percent of equity in the PPP2 project. http://www.scotsman.com/business/flawed-schools-cost-capital-100m-too-much-say s- pfi-expert-1-4102451

 

 

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