DERIVING VALUE FROM PFI PPP THROUGH EFFECTIVE ASSET VALUATION AND MANAGEMENT IN THE PUBLIC SECTOR

摘要

There is an immediate and on-going need to fill the infrastructure gap in the UK. Transport and public assets in particular are fundamental to economic growth. There are several options for procuring infrastructure. However, with limited public resources and austerity measures implemented, it is clear that PFI and Public Private Partnerships (PPP) remain an important role in maintaining and building the UK's infrastructure. Albeit against a backdrop of negative perception of the value of PFIs given recent reports of overspend and misspend. The objective of this paper is to identify how asset management can be employed to provide tougher efficiency challenges, provide acceptable service levels and, critically, ensure there is long-term net benefit for the taxpayer.