Private Finance Initiative

noun

1. (in Britain) a government scheme to encourage private investment in public projects PFI

Example Sentences

Accepting the view that privatisation meant efficiency, Labour PMs Tony Blair and Gordon Brown embraced similar principles with the Private Finance Initiative, under which the government had contracts with the private sector to finance, build and maintain hospitals, roads and prisons.

From BBC

Airbus runs the current satellite communications service under a Private Finance Initiative it signed with the ministry in 2003.

From BBC

Trump’s plan is similar to the United Kingdom’s Private Finance Initiative, recently ended by British lawmakers as there was broad agreement the partnerships drove up costs because the government can borrow money more cheaply than private firms.

From Los Angeles Times

It’s the private finance initiative, or the degradation of the biosphere, or someone on a train with a loud voice, or a perfume called Psychoanalysis, or a helicopter.

From The Guardian

Earlier today Construction Enquirer reported that the two firms involved in the Grenfell Tower refurbishment also delivered a bigger project in the Chalcot Estate in the north London borough as part of a £18m revamp under the Private Finance Initiative.

From The Guardian