By Stephanie Townley and Clare Mendelle 2023-11-28T06:00:00
The first wave of handbacks give clear pointers for the rest of the PFI projects due to be handed back over the next few years
Over the next decade, more than 200 operational PFI/PPP projects, with a combined portfolio value in excess of £160bn, are due to expire and be handed back to the public sector.
Central government, in the form of the Infrastructure & Projects Authority and the National Audit Office, has issued guidance recommending parties prepare for expiry at least seven years in advance. The value and complexity of these projects means that the industry is increasingly focused on what handback means – for both the public and the private sector.
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