Comment on School pool barricaded as repairs contract ends with work unfinished
MonsterMonster@lemmy.world 4 weeks ago
Another Private Finance Initiative project scandal coming to fruition.
Comment on School pool barricaded as repairs contract ends with work unfinished
MonsterMonster@lemmy.world 4 weeks ago
Another Private Finance Initiative project scandal coming to fruition.
mjr@infosec.pub 4 weeks ago
PFI companies like Innisfree usually hire sharper lawyers and accountants than councils, so these projects tend to become scandals where government is fleeced. Here, Innisfree is accused of taking dividends early then letting the PFI company collapse at the end of its term with work not finished and the council having no tools to make the PFI company’s owner save it.
The bigger scandal is some politicians who ignore or deny this danger and still want more PFI and PPP with minimal safeguards.