Yescombe, E.R. 2007. Public-Private Partnerships: Principles of Policy and Finance. Oxford: Butterworth-Heinemann. [#2258]
1.1 The [Lender](“LENDER”) is considering providing limited recourse long term financing for the development, construction and operation of a 65 MW wind farm (the “Project”).
1.2 The Project is been developed by [*] (the “Sponsor”) which has established a special purpose company (“Project Company”) for the sole purpose of owning and operating the Project.
The PRG oversaw the approval process for local authority PFI projects that received Government support through the previous PFI credit system.
"Infrastructure procurement: delivering long-term value" published alongside Budget 2008 sets out the next steps the Government is taking to secure value for money in its procurement of significant assets and long-term service provision. It recognises the evolving needs of the public sector and changing approaches to complex procurement, many building on experience of the Private Finance Initiative. It outlines a framework for infrastructure procurement designed to drive value for money across the full range of procurement approaches and ensure the effective scrutiny of key projects.
‘PFI: strengthening long-term partnerships’ sets out the Government’s approach to its PFI investment programme and to strengthening partnerships with the private sector for the long-term.
'PFI: Meeting the Investment Challenge' explains the PFI (Private Finance Initiative) programme’s role in the delivery of the Government’s investment plans for public services.