PFI Introduction

PPF Award

Project Allenby/Connaught scooped three major accolades at the Public Private Finance Awards 2008

What is a PFI?

Public Private Partnerships (PPPs) are arrangements typified by joint working between the public and private sectors to deliver policies, services and infrastructure to specified outputs. Where delivery of public services involves private sector investment in infrastructure, the most common form of PPP is the Private Finance Initiative.

The Private Finance Initiative (PFI) is part of the Government's strategy for procuring and delivering high quality public services with the benefit of private sector expertise.

PFI delivers a number of important benefits. By requiring the private sector to put its own capital at risk and to deliver clear levels of service to the public over the long term, PFI helps to deliver high quality public services and ensures that public assets are delivered on time, to budget and at the agreed quality.

Quick Facts:

Aspire Defence Ltd is owned by three shareholders:  KBR (45%) and funds managed by Innisfree (37.5%)and InfraRed (17.5%) and is delivering Project Allenby/Connaught on behalf of the Ministry of Defence.

It is the largest infrastucture PFI contract ever awarded, combining a £1.2bn construction programme to upgrade soldiers’ working and living accommodation with long term facilities management services over 35 years.

New or refurbished accommodation is being provided across four garrisons: Larkhill, Warminster and TidNBul in Wiltshire and Aldershot in Hampshire.

18,700 soldiers will benefit from new or improved working and leisure facilities.

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