From todays
Financial Times.
The use of the private finance initiative to acquire a fleet of air refuelling tankers for the Royal Air Force has delayed the acquisition of the aircraft and increased the cost, according to a senior executive of the company building the aircraft.
The widely criticised initiative seeks to transfer the risks associated with public sector projects to the private sector in part or in full. The contract for the air tanker - estimated to be worth £12bn - has been described as the largest PFI.