NAO confirms PPP projects usually delivered on time and on budget
Commenting on the National Audit Office report into the Private Finance Initiative, Lord (John) Hutton, Chair of the AIIP, which represents PPP investors, said:
"We welcome the recognition that there is a £1 trillion opportunity to invest in Britain’s future infrastructure and help secure growth. Private finance is willing to play its part. There are important recommendations for all parties, and in particular the need for a stable and predictable pipeline to support investor confidence.
While improvements can always be made, the report acknowledges that Public Private Partnership (PPP) projects are usually delivered on-time and on-budget, and that the tendering process could be streamlined. With £5bn worth of contracts due to expire this Parliament, the NAO has recognised the importance of public bodies being prepared for contract expiry."
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The Association of Infrastructure Investors in Public Private Partnerships (AIIP)
The voice of Britain’s infrastructure investors in Public Private Partnerships (PPPs).
Founded in 2023, we bring together major investors to build stronger infrastructure, smarter partnerships, and sustainable public services across the UK. With significant oversight of Britain’s PFI portfolio, our members coordinate directly with central stakeholders, including the UK Government, the Infrastructure and Projects Authority (IPA), and government departments.