Transcription of CONCEPT AND BACKGROUND TO PUBLIC PRIVATE …
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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.
PFI (Private Finance Initiative) is a public service delivery type of PPP (Public Private Partnership) where the responsibility for providing public services is
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