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One critical element of PFI projects is the contract which binds the Special Purpose Vehicle (SPV) (project promoter) with the government (client). Drawing up the PFI contract is by no means a simple undertaking because elements of economy, social, technological and intellectual considerations will have to be coherently spelt out. Adding on to this now is the requirement to include sustainable considerations...
According to Confederation of British Industry, better positions in benefiting from Private Financing Initiative (PFI) projects is focusing on long term priorities such as environmental sustainability, flexibility and transparency. Hence, more projects to be procured using PFI scheme contracts to aid financing aspects during shortage of funds and going ‘greener’. The research statement is whether...
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