OECD Review of Public Governance of Public-Private Partnerships in the UK
The private finance initiative (PFI) in the UK was introduced in the early 1990s to provide an alternative mode of infrastructure financing at a time where traditional government financing was showing its limits both in terms of execution and in terms of finance. Since then, PFIs and the framework surrounding them, have evolved significantly in the UK. They are today part of an integrated framework and are considered a choice, among others, on how to procure infrastructure.