New EU rules delay £1.2bn of PFI deals

摘要

More than £1.2bn of PFI highways maintenance and street-lighting contracts are being delayed by government plans to adopt new International Reporting Standards (IRS) that would put most PFI schemes on balance sheet.rnUnder current financial rules, most PFI schemes are off balance sheet. However, under IRS, due to be adopted by Treasury in 2008, most PFI schemes would have to be shown on government departments' balance sheets.