Political Developments: Private Finance Initiatives Flashcards
1
Q
What were PFI’s?
A
Private Finance Initiatives
2
Q
What did Private Finance Initiatives allow private businesses to do?
A
Fund infrastructure developments
3
Q
What would the government create for private businesses financing infrastructure?
A
A contract
4
Q
What would the contract lay out?
A
How long they would be funding the infrastructure development for
5
Q
What was a short term benefit of Private Finance Initiatives for the government?
A
They would not have to insantly pay to build infrastructure
6
Q
What was a long term disadvantage of Private Finance Initiatives for the government?
A
They would have to pay all businesses back later
