For more than 100 years, the British army's establishment at Aldershot, in Hampshire, has been a hotbed of innovation. From here, expeditionary forces set out for France in two world wars and, in 1904, the first military car was tested on its muddy tracks. Now the innovation is all financial. Last week the Ministry of Defence (MOD) signed its largest ever Private Finance Initiative (PFI) deal, a 35-year, £8-billion contract under which a private company will finance, build and maintain accommodation for 18,000 soldiers.
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