The much maligned Private Finance Initiative scheme is under further attack as it is revealed existing schemes will cost and additional £20 Billion to finance. The money is to cover the extra borrowing costs for the current 700 schemes to run hospitals, schools, prisons and other public sector projects, currently valued at £53 Billion.
The Treasury is at odds with the Commons public accounts committee, insisting that PFI was only used where it proivides best value for money, a message that the public accounts committee spokesman, MP Richard Bacon, does not believe reflect the current situation.
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