PFI: the £50 billion scam

PFI: the £50 billion scam

Source: from Sunday Herald, 18 May 2008 Private companies could pocket up to £50 billion in profits from investing in schools, hospitals and other public building projects, an investigation by the Sunday Herald has revealed. Local authorities, health trusts and other public agencies will e

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The NHS Bill for PFI Projects

The NHS Bill for PFI Projects

There has been much chatter today regarding the BBC article titled: Fears over £65bn 'NHS mortgage' which finally points out the cost of mortgaging hospitals. It also highlights just how much of trusts budgets are being taken up for paying these hospitals. For many who know even the smallest a

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MoD spent £10bn on ICT

MoD spent £10bn on ICT

More than £10.1bn has been spent on ICT by the Ministry of Defence between 1997 and 2009. Source: In a written answer to a parliamentary question, defence minister Andrew Robathan revealed details of departmental spending on ICT each year. The lowest spend in any one year was £527m. Spend

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Veolia Environmental Services Wins Staffordshire PFI Contract

Veolia Environmental Services Wins Staffordshire PFI Contract

Staffordshire County Council has awarded VeoliaEnvironmental Services (UK) plc its 25-year PFI (Private Finance Initiative) residual waste treatment and disposal contract. The contract is worth approximately one billion pounds (revenue from County Council, including third party waste and sale of ele

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Trio named to bid £1.4bn Hounslow road PFI

Trio named to bid £1.4bn Hounslow road PFI

The London Borough of Hounslow has issued invitations to bid to three shortlisted groups for its £1.4bn PFI highways maintenance project. Aaron Morby | Thu 29th July | 8:55 Source: http://www.constructionenquirer.com/ The three consortia selected for the shortlist are: Skanska/John Laing,

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Two to battle it out for Hertfordshire waste PFI

Two to battle it out for Hertfordshire waste PFI

Energy company E.ON and waste management firm Veolia ES were today (July 29) named as the two remaining contenders for Hertfordshire county council's £800 million PFI-funded waste treatment contract, with both bidders proposing to build a single large energy-from-waste incinerator. Source:

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Are Banks making vast fortunes off PFI projects?

Are Banks making vast fortunes off PFI projects?

Are the very banks the government has large shareholdings in making vast sums of money off publicly paid for PFI projects? The first thing I would like to point out is that what I am about to set out is hypothetical and unfortunately I don't have the proof to back it up ............... YET! I

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Newcastle Council release Schools PFI contract and 2009 invoices

Newcastle Council release Schools PFI contract and 2009 invoices

As part of an ongoing right to inspection with Newcastle City Council they have released the PFI contract and 2009 invoices. The contract is between: THE COUNCIL OF NEWCASTLE UPON TYNE and FOCUS EDUCATION (NEWCASTLE) LIMITED which is for replacing one secondary school, three middle sc

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Huge Chesire waste deal to end landfilling could cost £847m

Huge Chesire waste deal to end landfilling could cost £847m

Plans for a massive waste disposal deal to almost eradicate landfilling in Cheshire will cost up to £847million over 25 years. Source:Manchester Evening News The project will include a huge waste transfer station, to be built somewhere in Macclesfield, at a location yet to be revealed. Th

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Birmingham's first major hospital in 70 years opens in Edgbaston

Birmingham’s first major hospital in 70 years opens in Edgbaston

It is Britain’s biggest new hospital and the first in Birmingham for the past 70 years. Source:http://www.birminghampost.net/ And today the city’s long-awaited £2.6 billion superhospital – the new Queen Elizabeth Hospital Birmingham (QE) – opened its doors for the first time. Th

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United Utilities to sell its 3 water PFI's to Veolia Water UK PLC

United Utilities to sell its 3 water PFI’s to Veolia Water UK PLC

United Utilities today announces that it has agreed to sell its principal non-regulated water interests* in the United Kingdom and Europe to Veolia Water UK PLC. The Press Release goes on to state: The transaction value is £174.2 million, comprising £108.6 million in cash on completion a

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Work starts on £2.7b Highways PFI

Work starts on £2.7b Highways PFI

Today marks the start of the £2.7 billion highways PFI, as Birmingham City Council’s long term partner Amey begins the upgrade and maintenance of the city’s infrastructure network for the next 25 years. Source: The start of the contract marks a substantial boost for the region by securing

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Doctors' orders to ditch NHS market

Doctors’ orders to ditch NHS market

Doctors have said the government could protect patients and front-line staff as well as make colossal NHS savings by ditching market bureaucracy. Source: The British Medical Association's GPs committee chairman Dr Laurence Buckman outlined a series of NHS cuts at the annual Local Medical Commi

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