The Malaysian Private Finance Initiative and Value for Money

The Malaysian Private Finance Initiative and Value for Money

The concept of value for money (VFM) is the fundamental reason for most PFI projects to be attractive in many developed and developing countries. The concept encourages governments to deliver Mega projects by using PFI procurement method. The aims of this paper are to investigate the notion of VFM for PFI projects by different countries (i.e. UK, Australia and Japan) and to discover the detaile...

Private finance initiative (or public private partnership) implementation processes and perception of value for money

The aim of this study is to examine the relationships among perceptions of implementation processes, implementation difficulties and value for money (VFM) in UK school private finance initiative (PFI) or public private partnership (PPP) contracts. The results suggest that implementation factors, such as effective PFI ‘consultation’, ‘contractual’, ‘monitoring and review’ processes have a signif...

Design quality and the private finance initiative

Why private finance initiatives are so addictive - and yet offer such poor value for money

Adoption of Private Finance Initiative (PFI) in Malaysian Public Works Projects: Are We Ready?

In the United Kingdom (UK), Public Private Partnerships (PPP), in the guise of the Private Finance Initiative (PFI), has become an integral part of national government policy in the delivery of public facilities and services. The aim of introducing the PFI was to achieve closer partnering between the public and private sectors at both central government and local authority levels. Despite the P...