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CONCEPT AND BACKGROUND TO PUBLIC PRIVATE …
Professor Mustafa Alshawi 11/20/2009 Chairman Associate Dean (Research) Iraq Institute for Economic University of Salford Reforms (IIER) UK Baghdad, Iraq CONCEPT AND BACKGROUND TO PUBLIC PRIVATE PARTNERSHIP (PPP) / PRIVATE FINANCE INITIATIVE (PFI) UK EXPERIENCE 11/20/2009 1 INTRODUCTION PFI ( PRIVATE Finance Initiative) is a PUBLIC service delivery type of PPP ( PUBLIC PRIVATE Partnership) where the responsibility for providing PUBLIC services is transferred from the PUBLIC to the PRIVATE sector for a considerable period of time. PFI, which is considered as a generic classifier for all types of construction PPP, is also a means of using PRIVATE finance and skills to deliver capital investment projects traditionally provided by the PUBLIC sector.
Globally, the movement towards PFI procurement methods was driven by the need to fund infrastructure projects and/or the need for private sector innovation in the
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