3rd March 2009, 10:51 AM
Quote:quote:Originally posted by BAJR Host
The cash injection is aimed at kick-starting up to 110 major projects on a ?13.5bn private finance initiative programme by putting Treasury cash alongside money from contractors with, it is hoped, some contribution from investment banks.....
Finally PFI might be of some benefit to the population!
Good news that existing projects are being helped to happen. I've always been dubious when people talk of 'new infrastructure projects' as planning lag is too long, but stalled schemes is different.
If the state puts money into the required level of housebuilding as well, then things would improve fairly quickly for construction, and therefore us. I think that there are probably enough stalled schemes to keep work going til new schemes get through planning. And of course by selling the houses, the state would recoup the money invested.