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