Private Finance Initiative - Revision history

Bin52: /* PFI Projects in England */

2022-04-25T09:11:45Z

PFI Projects in England

← Older revision		Revision as of 09:11, 25 April 2022
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	\| East Sussex \|\| [[North Quay ERF (Newhaven)\|Newhaven]] \|\| [[PFI]] \|\| Operational \|\| 234 \|\| [[EfW]] \|\| Servicing [[East Sussex County Council]] and [[Brighton and Hove City Council]]		\| East Sussex \|\| [[North Quay ERF (Newhaven)\|Newhaven]] \|\| [[PFI]] \|\| Operational \|\| 234 \|\| [[EfW]] \|\| Servicing [[East Sussex County Council]] and [[Brighton and Hove City Council]]
	\|-		\|-
	\| Essex \|\| [[Courtauld Road]] \|\| [[PFI]] \|\| Operational<ref name="op" /> \|\| 417 \|\| [[MBT]] \|\| Developed and operated by partners [[Urbaser Balfour Beatty]] servicing [[Essex County Council]] and [[Southend-on-Sea Borough Council \| Southend]], ceased deliveries in June 2020<ref>https://www.letsrecycle.com/news/latest-news/judge-rules-essex-tovi-eco-park-dispute</ref>		\| Essex \|\| [[Courtauld Road]] \|\| [[PFI]] \|\| Operational<ref name="op" /> \|\| 417 \|\| [[MBT]] \|\| Developed and operated by partners [[Urbaser Balfour Beatty]] servicing [[Essex County Council]] and [[Southend-on-Sea Borough Council \| Southend]], ceased deliveries in June 2020<ref>https://www.letsrecycle.com/news/latest-news/judge-rules-essex-tovi-eco-park-dispute</ref>and to be demolished<ref>https://www.letsrecycle.com/news/essexs-tovi-eco-park-waste-facility-to-be-demolished/</ref>.
	\|-		\|-
	\| Greater Manchester \|\| [[Longley Lane]] \|\| [[PFI]] \|\| Operational \|\| 110 \|\| [[MBT]] \|\| [[Viridor]] [[Laing]] consortium [[PFI]] contract with [[Greater Manchester Combined Authority \| GMCA]] terminated 2017, now [[Suez]] from June 2019 for 7 years		\| Greater Manchester \|\| [[Longley Lane]] \|\| [[PFI]] \|\| Operational \|\| 110 \|\| [[MBT]] \|\| [[Viridor]] [[Laing]] consortium [[PFI]] contract with [[Greater Manchester Combined Authority \| GMCA]] terminated 2017, now [[Suez]] from June 2019 for 7 years

Admin at 06:28, 3 April 2021

2021-04-03T06:28:16Z

← Older revision		Revision as of 06:28, 3 April 2021
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	[[Category:Legislation & Policy]] [[Category:Economics]]		[[Category:Legislation & Policy]] [[Category:Economics]]
			A [[Private Finance Initiative]] ([[PFI]]) is a way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a private finance initiative, the private company handles the up-front costs instead of the public sector<ref>[wikipedia:Private finance initiative]</ref>. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>

	==Overview of PFI==		==Overview of PFI==

	A [[Private Finance Initiative]] ([[PFI]]) is a way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a private finance initiative, the private company handles the up-front costs instead of the public sector<ref>[wikipedia:Private finance initiative]</ref>. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>		A [[Private Finance Initiative]] ([[PFI]]) is a way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a private finance initiative, the private company handles the up-front costs instead of the public sector<ref>[wikipedia:Private finance initiative]</ref>. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>

Bin52: minor text change

2020-12-16T18:38:05Z

minor text change

← Older revision		Revision as of 18:38, 16 December 2020
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	\| Cambridgeshire \|\| [[Waterbeach]] \|\| [[PFI]] \|\| Operational<ref name="op">In original data site was listed as In Construction this has been changed to Operational.</ref> \|\| 200 \|\| [[MBT]] \|\| [[Amey Cespa]] site with variable performance reported, planning being pursued for new [[EfW]] on the site		\| Cambridgeshire \|\| [[Waterbeach]] \|\| [[PFI]] \|\| Operational<ref name="op">In original data site was listed as In Construction this has been changed to Operational.</ref> \|\| 200 \|\| [[MBT]] \|\| [[Amey Cespa]] site with variable performance reported, planning being pursued for new [[EfW]] on the site
	\|-		\|-
	\| Cornwall \|\| [[Cornwall ERC\|St. Dennis]] \|\| [[PFI]] \|\| Operational \|\| 240 \|\| [[EfW]] \|\| [[Suez]] site ([[Cornwall ~~Energy Recovery~~]]) part of an integrated contract with [[ Cornwall Council \| Cornwall ]] to 2039		\| Cornwall \|\| [[Cornwall ERC\|St. Dennis]] \|\| [[PFI]] \|\| Operational \|\| 240 \|\| [[EfW]] \|\| [[Suez]] site ([[Cornwall ERC]]) part of an integrated contract with [[ Cornwall Council \| Cornwall ]] to 2039
	\|-		\|-
	\| [[ELWA]] 1 \|\| [[Frog Island]] \|\| [[PFI]] \|\| Operational \|\| 180 \|\| [[MBT]] \|\| [[Renewi]] site servicing [[East London Waste Disposal Authority \| ELWA]], recently reported financial difficulty		\| [[ELWA]] 1 \|\| [[Frog Island]] \|\| [[PFI]] \|\| Operational \|\| 180 \|\| [[MBT]] \|\| [[Renewi]] site servicing [[East London Waste Disposal Authority \| ELWA]], recently reported financial difficulty

Bin52: minor text change

2020-12-08T12:47:07Z

minor text change

← Older revision		Revision as of 12:47, 8 December 2020
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	[[Category:Legislation & Policy]] [[Category:Economics]]		[[Category:Legislation & Policy]] [[Category:Economics]]
	==Overview of PFI==		==Overview of PFI==
	A [[Private Finance Initiative]] ([[PFI]]) is a way of financing public sector projects through the private sector. ~~It is a form of [[Public Private Partnership]] ([[PPP]]) where the debt and equity is provided by the private sector to~~ alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects ~~(whereas a [[PPP]] has more flexibility in the structure of the contributions)~~. Under a ~~Private Finance Initiative~~, the private company ~~also~~ handles the up-front costs instead of the public sector. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>		A [[Private Finance Initiative]] ([[PFI]]) is a way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a private finance initiative, the private company handles the up-front costs instead of the public sector<ref>[wikipedia:Private finance initiative]</ref>. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>

	In its desire to stimulate investment in waste infrastructure and underpin the diversion of [[BMW]] waste from [[Landfill]], the Government supported/[[Subsidy\|subsidized]] a range of treatment technologies on a number of sites that were procured by [[Waste Disposal Authorities]] needing this infrastructure through a dedicated long term Private Finance Initiative (PFI). This arrangement has now ceased and several schemes which had their funding agreed later had it removed after [[DEFRA]] assessed <ref>[https://data.gov.uk/dataset/b99f22a0-e716-44bf-bff2-a12da2562e4f/waste-infrastructure-delivery-programme-widp-residual-waste-treatment-infrastructure-project-list-ipl [[DEFRA]] Waste Infrastructure Delivery Programme]</ref> that the [[BMW]] targets could be met with the infrastructure funded to date.		In its desire to stimulate investment in waste infrastructure and underpin the diversion of [[BMW]] waste from [[Landfill]], the Government supported/[[Subsidy\|subsidized]] a range of treatment technologies on a number of sites that were procured by [[Waste Disposal Authorities]] needing this infrastructure through a dedicated long term Private Finance Initiative (PFI). This arrangement has now ceased and several schemes which had their funding agreed later had it removed after [[DEFRA]] assessed <ref>[https://data.gov.uk/dataset/b99f22a0-e716-44bf-bff2-a12da2562e4f/waste-infrastructure-delivery-programme-widp-residual-waste-treatment-infrastructure-project-list-ipl [[DEFRA]] Waste Infrastructure Delivery Programme]</ref> that the [[BMW]] targets could be met with the infrastructure funded to date.

Bin52: minor text change

2020-12-08T12:01:03Z

minor text change

← Older revision		Revision as of 12:01, 8 December 2020
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	[[Category:Legislation & Policy]] [[Category:Economics]]		[[Category:Legislation & Policy]] [[Category:Economics]]
	==Overview of PFI==		==Overview of PFI==
	A [[Private Finance Initiative]] ([[PFI]]) is a way of financing public sector projects through the private sector. ~~PFIs~~ alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a ~~private finance initiative~~, the private company handles the up-front costs instead of the ~~government~~. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>		A [[Private Finance Initiative]] ([[PFI]]) is a way of financing public sector projects through the private sector. It is a form of [[Public Private Partnership]] ([[PPP]]) where the debt and equity is provided by the private sector to alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects (whereas a [[PPP]] has more flexibility in the structure of the contributions). Under a Private Finance Initiative, the private company also handles the up-front costs instead of the public sector. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>

	In its desire to stimulate investment in waste infrastructure and underpin the diversion of [[BMW]] waste from [[Landfill]], the Government supported/[[Subsidy\|subsidized]] a range of treatment technologies on a number of sites that were procured by [[Waste Disposal Authorities]] needing this infrastructure through a dedicated long term Private Finance Initiative (PFI). This arrangement has now ceased and several schemes which had their funding agreed later had it removed after [[DEFRA]] assessed <ref>[https://data.gov.uk/dataset/b99f22a0-e716-44bf-bff2-a12da2562e4f/waste-infrastructure-delivery-programme-widp-residual-waste-treatment-infrastructure-project-list-ipl [[DEFRA]] Waste Infrastructure Delivery Programme]</ref> that the [[BMW]] targets could be met with the infrastructure funded to date.		In its desire to stimulate investment in waste infrastructure and underpin the diversion of [[BMW]] waste from [[Landfill]], the Government supported/[[Subsidy\|subsidized]] a range of treatment technologies on a number of sites that were procured by [[Waste Disposal Authorities]] needing this infrastructure through a dedicated long term Private Finance Initiative (PFI). This arrangement has now ceased and several schemes which had their funding agreed later had it removed after [[DEFRA]] assessed <ref>[https://data.gov.uk/dataset/b99f22a0-e716-44bf-bff2-a12da2562e4f/waste-infrastructure-delivery-programme-widp-residual-waste-treatment-infrastructure-project-list-ipl [[DEFRA]] Waste Infrastructure Delivery Programme]</ref> that the [[BMW]] targets could be met with the infrastructure funded to date.

Bin52: Bin52 moved page Public Finance Initiative to Private Finance Initiative: Incorrect lable

2020-12-08T11:25:13Z

Bin52 moved page Public Finance Initiative to Private Finance Initiative: Incorrect lable

← Older revision		Revision as of 11:25, 8 December 2020
(No difference)

Bin52: minor text change

2020-12-08T11:20:47Z

minor text change

← Older revision		Revision as of 11:20, 8 December 2020
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	[[Category:Legislation & Policy]] [[Category:Economics]]		[[Category:Legislation & Policy]] [[Category:Economics]]
	==Overview of PFI==		==Overview of PFI==
	A ~~private finance initiative~~ (PFI) is a way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a private finance initiative, the private company handles the up-front costs instead of the government. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>		A [[Private Finance Initiative]] ([[PFI]]) is a way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a private finance initiative, the private company handles the up-front costs instead of the government. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>

	In its desire to stimulate investment in waste infrastructure and underpin the diversion of [[BMW]] waste from [[Landfill]], the Government supported/[[Subsidy\|subsidized]] a range of treatment technologies on a number of sites that were procured by [[Waste Disposal Authorities]] needing this infrastructure through a dedicated long term Private Finance Initiative (PFI). This arrangement has now ceased and several schemes which had their funding agreed later had it removed after [[DEFRA]] assessed <ref>[https://data.gov.uk/dataset/b99f22a0-e716-44bf-bff2-a12da2562e4f/waste-infrastructure-delivery-programme-widp-residual-waste-treatment-infrastructure-project-list-ipl [[DEFRA]] Waste Infrastructure Delivery Programme]</ref> that the [[BMW]] targets could be met with the infrastructure funded to date.		In its desire to stimulate investment in waste infrastructure and underpin the diversion of [[BMW]] waste from [[Landfill]], the Government supported/[[Subsidy\|subsidized]] a range of treatment technologies on a number of sites that were procured by [[Waste Disposal Authorities]] needing this infrastructure through a dedicated long term Private Finance Initiative (PFI). This arrangement has now ceased and several schemes which had their funding agreed later had it removed after [[DEFRA]] assessed <ref>[https://data.gov.uk/dataset/b99f22a0-e716-44bf-bff2-a12da2562e4f/waste-infrastructure-delivery-programme-widp-residual-waste-treatment-infrastructure-project-list-ipl [[DEFRA]] Waste Infrastructure Delivery Programme]</ref> that the [[BMW]] targets could be met with the infrastructure funded to date.

Bin52: minor text change

2020-09-14T19:10:56Z

minor text change

← Older revision		Revision as of 19:10, 14 September 2020
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	\| East Sussex \|\| [[North Quay ERF (Newhaven)\|Newhaven]] \|\| [[PFI]] \|\| Operational \|\| 234 \|\| [[EfW]] \|\| Servicing [[East Sussex County Council]] and [[Brighton and Hove City Council]]		\| East Sussex \|\| [[North Quay ERF (Newhaven)\|Newhaven]] \|\| [[PFI]] \|\| Operational \|\| 234 \|\| [[EfW]] \|\| Servicing [[East Sussex County Council]] and [[Brighton and Hove City Council]]
	\|-		\|-
	\| Essex \|\| [[Courtauld Road]] \|\| [[PFI]] \|\| Operational<ref name="op" /> \|\| 417 \|\| [[MBT]] \|\| Developed and operated by partners [[Urbaser Balfour Beatty]] servicing [[Essex County Council]] and [[Southend-on-Sea Borough Council \| Southend]], ~~reported operational difficulties~~		\| Essex \|\| [[Courtauld Road]] \|\| [[PFI]] \|\| Operational<ref name="op" /> \|\| 417 \|\| [[MBT]] \|\| Developed and operated by partners [[Urbaser Balfour Beatty]] servicing [[Essex County Council]] and [[Southend-on-Sea Borough Council \| Southend]], ceased deliveries in June 2020<ref>https://www.letsrecycle.com/news/latest-news/judge-rules-essex-tovi-eco-park-dispute</ref>
	\|-		\|-
	\| Greater Manchester \|\| [[Longley Lane]] \|\| [[PFI]] \|\| Operational \|\| 110 \|\| [[MBT]] \|\| [[Viridor]] [[Laing]] consortium [[PFI]] contract with [[Greater Manchester Combined Authority \| GMCA]] terminated 2017, now [[Suez]] from June 2019 for 7 years		\| Greater Manchester \|\| [[Longley Lane]] \|\| [[PFI]] \|\| Operational \|\| 110 \|\| [[MBT]] \|\| [[Viridor]] [[Laing]] consortium [[PFI]] contract with [[Greater Manchester Combined Authority \| GMCA]] terminated 2017, now [[Suez]] from June 2019 for 7 years

MCWaste: Added subsidized link

2020-06-18T15:53:34Z

Added subsidized link

← Older revision		Revision as of 15:53, 18 June 2020
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	A private finance initiative (PFI) is a way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a private finance initiative, the private company handles the up-front costs instead of the government. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>		A private finance initiative (PFI) is a way of financing public sector projects through the private sector. PFIs alleviate the government and taxpayers of the immediate burden of coming up with the capital for these projects. Under a private finance initiative, the private company handles the up-front costs instead of the government. The project is then leased to the public and the government authority makes annual payments to the private company. These contracts are typically given to construction firms and can last as long as 30 years or more.<ref> [https://www.investopedia.com/terms/p/privatefinanceinitiative.asp] </ref>

	In its desire to stimulate investment in waste infrastructure and underpin the diversion of [[BMW]] waste from [[Landfill]], the Government supported/subsidized a range of treatment technologies on a number of sites that were procured by [[Waste Disposal Authorities]] needing this infrastructure through a dedicated long term Private Finance Initiative (PFI). This arrangement has now ceased and several schemes which had their funding agreed later had it removed after [[DEFRA]] assessed <ref>[https://data.gov.uk/dataset/b99f22a0-e716-44bf-bff2-a12da2562e4f/waste-infrastructure-delivery-programme-widp-residual-waste-treatment-infrastructure-project-list-ipl [[DEFRA]] Waste Infrastructure Delivery Programme]</ref> that the [[BMW]] targets could be met with the infrastructure funded to date.		In its desire to stimulate investment in waste infrastructure and underpin the diversion of [[BMW]] waste from [[Landfill]], the Government supported/[[Subsidy\|subsidized]] a range of treatment technologies on a number of sites that were procured by [[Waste Disposal Authorities]] needing this infrastructure through a dedicated long term Private Finance Initiative (PFI). This arrangement has now ceased and several schemes which had their funding agreed later had it removed after [[DEFRA]] assessed <ref>[https://data.gov.uk/dataset/b99f22a0-e716-44bf-bff2-a12da2562e4f/waste-infrastructure-delivery-programme-widp-residual-waste-treatment-infrastructure-project-list-ipl [[DEFRA]] Waste Infrastructure Delivery Programme]</ref> that the [[BMW]] targets could be met with the infrastructure funded to date.

	Fast forward circa two decades later and some of these PFI projects are currently being considered by [[Waste Disposal Authorities]] for movement out of the PFI arrangement after consideration of the cost benefit of continuing with the contract. Indeed several have now removed themselves form the PFI model (i.e. Lancashire) or have had closed with major restructure (i.e. Sheffield and Greater Manchester).		Fast forward circa two decades later and some of these PFI projects are currently being considered by [[Waste Disposal Authorities]] for movement out of the PFI arrangement after consideration of the cost benefit of continuing with the contract. Indeed several have now removed themselves form the PFI model (i.e. Lancashire) or have had closed with major restructure (i.e. Sheffield and Greater Manchester).

Northern Chick: /* PFI Projects in Scotland */

2020-02-06T15:50:27Z

PFI Projects in Scotland

← Older revision		Revision as of 15:50, 6 February 2020
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	\| Dumfries \|\| Eco Deco Plant \|\| [[PFI]] \|\| Terminated \|\| 65 \|\| [[MBT]] \|\| Contract ended in Sept 2018. Asset transferred to Dumfries and Galloway Council <ref>https://www.bbc.co.uk/news/uk-scotland-south-scotland-48132540</ref>		\| Dumfries \|\| Eco Deco Plant \|\| [[PFI]] \|\| Terminated \|\| 65 \|\| [[MBT]] \|\| Contract ended in Sept 2018. Asset transferred to Dumfries and Galloway Council <ref>https://www.bbc.co.uk/news/uk-scotland-south-scotland-48132540</ref>
	\|-		\|-
	\| Dundee \|\| [[Baldovie\|Baldovie EfW ]] \|\| [[PFI]] \|\| Operational \|\| 120 \|\| [[EfW]] \|\| MVV Site for [[Dundee City Council]] and [[Angus Council]]. Contract covers the operation of the existing [[EfW]] facility not the new [[Dundee EfW CHP Facility]] being built next door~~. and the build of this newer facility~~.<ref>https://www2.gov.scot/resource/doc/1069/0005230.pdf</ref>		\| Dundee \|\| [[Baldovie\|Baldovie EfW ]] \|\| [[PFI]] \|\| Operational \|\| 120 \|\| [[EfW]] \|\| MVV Site for [[Dundee City Council]] and [[Angus Council]]. Contract covers the operation of the existing [[EfW]] facility not the new [[Dundee EfW CHP Facility]] being built next door.<ref>https://www2.gov.scot/resource/doc/1069/0005230.pdf</ref>
	\|}		\|}