oa Civil Engineering = Siviele Ingenieurswese - The Private Finance Initiative: A personal view
|Article Title||The Private Finance Initiative: A personal view|
|© Publisher:||South African Institution Of Civil Engineering (SAICE)|
|Journal||Civil Engineering = Siviele Ingenieurswese|
|Publication Date||Sep 1955|
|Pages||21 - 24|
|Keyword(s)||British government, Private Finance Initiative (PFI), Private sector and Public services|
The British government launched its Private Finance Initiative (PFI) in 1992 with the stated aim of increasing the private sector's involvement in the provision of public services. It appointed a panel of experts to advise government on how to implement the initiative successfully and relaunched the Initiative in 1995. Privatising the ownership of enterprises and contracting out the provision of services are government policies with similar aims. Firms whose work is mostly about capital projects will have to adapt their ways to the manner in which so many new projects are being set up. This article is a look and think exercise. The views in it are the author's; he hopes they will help to focus and direct engineers' role.
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