Latest news:
Regular news: Issue 552 20 Aug 2010

Hope for transport PFIs as Coventry lighting deal approved

Ministers have approved Coventry City Council’s Private Finance Initiative deal for streetlighting, giving hope to other local authorities awaiting ministerial decisions on £3.6bn of PFI funding for transport infrastructure.

Local transport minister Norman Baker announced Government approval for the final business case for Coventry City Council’s street lighting contract, allowing the release of £64m of  PFI credits. The signing of Coventry’s contract with...

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