PFI merges diverse and separate firms into one heterogenous consortium in order to 'pre-qualify a diverse pool of contractors with expertise in specialised reconstruction areas'.
The chilling implication is that 'bigger is better'. The community cottage hospitals or village school is out of the question, as is the repair compared to newbuild; will simply not be financially worthwhile for these conglomerates.
On a macroeconomic level this boost to demand is of course highly 'rational' to most of our present day economic advisors; but it comes at a price.If consumers behaved like this on hire-purchase, they would be deemed irresponsible....
it makes no sense and mortagages the future.
Value for money is highly questionable, based as it is on the offsetting of 'risk' to the private sector
Projects funded in this way include incinerators hospitals, bridges and schools