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January 1998
Treasury List of Significant PFI Projects
The Treasury Taskforce has recently announced its
first list of significant PFI projects, which they view as viable
priority projects. Lists will be published quarterly in future and
bidders will know that all new projects have the Treasury Taskforce
sign-off. The Treasury sign-off process is based on a number of
criteria as outlined by Peter Wanless, Head of the Treasury Taskforce’s
Policy team, in a recent article:
- Affordability
- Output Specification
- Risk Allocation
- Indication of Bankability
- Key Terms and Conditions
- Use of Appropriate Comparators
- Suitability of Proposed Advisors and Project
Team
- Indicative Timetable
- Statutory Processes
- Commitment of Sponsors & Users
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