The financing of PFI projects

Rowan, P

The financing of PFI projects - 2002 - PFI Intelligence Bulletin 7(2) April 2002, 16-17(2) .

Explores the area of financing private finance initiative (PFI) projects. Outlines opposing views on financing and emphasises that the financing structure for PFI should aim to provide value for money, deliver an affordable scheme, and utilise a financially strong and enduring corporate vehicle. Discusses the role of a newly formed special purpose company (SPC), looks at the different forms of financing structure, and briefly addresses equity and refinancing. Figure illustrating the financing structure of a SPC. Table showing proposed different funding arrangements.


PFI PROJECTS
SPECIAL PURPOSE COMPANIES
REFINANCING
EQUITY
FUNDING
FINANCING
PFI
PRIVATE FINANCE INITIATIVE