PracticeAccounting FirmsKPMG drawn into Welsh PFI review

KPMG drawn into Welsh PFI review

KPMG to give evidence following concerns the Wales is closed to public-private projects

KPMG is being consulted on a government review of private finance initiatives
in Wales, following concerns that country is ‘closed for business’ when it comes
to public-private funding.

The Welsh assembly
finance committee is to take evidence from the Big Four firm as part of a review
of the state of PFI following the assembly government’s decision not to use such
schemes to fund health projects.

Funding for PFI in Wales is just £205 per person, whereas in Scotland the
figure is £1000, according to figures seen by
BBC Wales.

The assembly ruled out PFI funding for health, claiming that it had not
proved value for money.

Further reading:

NAO
PFI report unveils £180m of waste

Treasury
to act on PFI project ruling

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