PFI handback: start early and work together

In a private finance initiative (PFI) deal, a public sector client enters into a long-term contract with a private sector company to finance the design, construction and maintenance of an asset. Under a PFI contract, the public sector client makes annual payments to the PFI company. When the contracts expire, the assets are handed back to the public sector client. With over 600 PFI projects across the UK’s social and economic infrastructure set to expire before 2030, handback is becoming an increasingly important and urgent topic.

PFI Handback table

Author

Loraine O'Sullivan
Head of Asset Management, Investment Services, WSP
United Kingdom