PFI

abbreviation

1. Private Finance Initiative

Example Sentences

Under PFI deals, private consortiums build facilities such as schools, hospitals and roads, in return for regular payments over as many as 30 years.

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The PFI contract - under which a private company is paid to maintain buildings - in Stoke-on-Trent is the first of dozens of similar deals across England which are due to expire in the coming years.

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What happens in Stoke-on-Trent will have implications for dozens of similar PFI deals, many due to come to an end from 2025 onwards.

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The contract is the largest of its kind in England and will be among the first PFI deals in the country to expire.

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Stoke City Council said its priority was to get the schools handed over "safe, warm and dry", while the main contractor engaged under the PFI contract, Equans, said the buildings had been well maintained.

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