The Private Finance Initiative

Part of 1. Questions to the Minister for Finance and Local Government – in the Senedd at 1:59 pm on 22 March 2023.

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Photo of Rebecca Evans Rebecca Evans Labour 1:59, 22 March 2023

There are now 20 remaining historic private finance initiative contracts in Wales. In 2019, the First Minister instigated a review of PFI contracts, encouraging contracting authorities to renegotiate or terminate PFI contracts where there was a value-for-money case for doing so. This work is ongoing.