Region: Europe and Central Asia
Country: United Kingdom
Topics: Procurement
Keywords: PPP Project Cycle, Legal Framework, Preparation, Procurement, Sub-national, Municipal, Due diligence, Feasibility study, Pre-feasibility study
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The PRG oversaw the approval process for local authority PFI projects that received Government support through the previous PFI credit system.
The Treasury has revised its project approval processes as part of a wider programme of strengthened spending control. These revisions aim to provide a more coherent approvals and assurance framework, and make the tools the Treasury uses to approve Major Projects more consistent across Government. These revisions have included bringing the assurance and approvals processes previously completed by the PRG into a standardised Treasury Approval Point (TAP) process.
Tracking Number: PRG_Undated_EN
Updated: October 25, 2021