Risk Management in Private Finance Initiative Projects

Darinka Asenova

Research output: Book/ReportBook

Abstract

Over the last decade, the Private Finance Initiative (PFI) has become preferred government option for the provision of different services to the public. In PFI procurement, private companies take on the obligation to build and manage a facility but provide only a small fraction of the project?s capital requirements. Despite the considerable amount of attention to various PFI related issues, little research has been conducted on the risk management practices of the financial institutions in PFI procurement. This book presents an exploratory study of the risk management strategies of financiers in PFI projects.

Original languageEnglish
PublisherLambert Academic Publishing
ISBN (Print)9783838327228
Publication statusPublished - 2009

Keywords

  • private finance initiative projects
  • risk management
  • credit crunch

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