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Financing PFI Projects in the UK in the Credit Crisis and State Aid

Alan Davis


I. Introduction The global financial crisis has raised potential concerns about the financing of Public Private Partnerships (PPPs) and Private Finance Initiative (PFI) projects currently in the pipeline in the UK.1 PPPs and PFIs involve the design, construction, financing and operation of big infrastructure projects by the private sector on a long-term basis. They play an important role in the UK economy – 935 PPP and PFI projects with a capital valu


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