EFFECTIVENESS OF PORTSMOUTH HIGHWAYS PRIVATE FINANCE INITIATIVES (PFI) SCHEME
Since the inception of the Private Finance Initiatives (PFI) in the United Kingdom, Government are increasingly adopting it as a means of proving infrastructure to the public neglecting the traditional procurement methods which relies completely on the public finance. Private Finance Initiative (PFI) is a method of contract procurement where the private organisation provides an infrastructure, finances, operates and maintains the infrastructure. This is done by transferring the risks involved...