The UK has the EU’s most extensive public finance initiative programme. According to pro-PFI lobbying group the PFI Forum, at March 1 this year 276 projects with a combined capital value of more than £34 billion ($61 billion) had been completed and were operating.
Some of these, such as the London Underground PFI, are crucial to the UK’s infrastructure. It can be assumed that the government will bail them out even if the PFI company goes bust.
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