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The Times & The Sunday Times
The Times & The Sunday Times
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Scots bid to rein in the profit

The Times
The Times

IT COULD be RIP for PFI in Scotland, reports Construction News (Jan 31).

The ruling Scottish National Party is replacing Private Finance Initiatives with a new limited profit model, which puts a cap on private sector returns. In the longer term, it hopes to introduce a Scottish futures trust, to fund projects via bond financing.

But one of the UK’s biggest PFI builders says that these new systems will make projects unattractive to contractors. “We’re a profit-making business and we’re not interested in areas that don’t make us any profit,” says Robin Herzberg of the private finance division of Carillion.