Department for Transport: Private Finance Initiative

Department for Transport written question – answered on 14th November 2018.

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Photo of Zac Goldsmith Zac Goldsmith Conservative, Richmond Park

To ask the Secretary of State for Transport, what his Department's definition is of private finance in relation to infrastructure projects.

Photo of Nusrat Ghani Nusrat Ghani Parliamentary Under-Secretary (Department for Transport), Assistant Whip (HM Treasury)

Private finance is a way to deliver infrastructure projects in which the private sector invests equity and/or lends in order to facilitate the development, delivery, acquisition, and/or operation of a project, asset or entity with the expectation of earning a return on the investment commensurate with the risk.

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