Lift companies pitch plans to take on council capital projects

摘要

Lift companies are in advanced talks with councils about plans that would see parts of local authorities' estates sold off to raise money for urgent capital projects.The public-private partnerships formed under the Local Improvement Finance Trust scheme would then finance and deliver the new schemes them-selves and be paid back from the property sale.Lift firms believe their experi-ence in asset management, ability to raise private finance and the long-term nature of their partner-ships with councils leaves them well placed to carry out the plans.