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The future of PFI and private finance in infrastructure: Government experts speak
With the collapse of Carillion and fears expressed about other major companies, the spotlight is on the future of private finance in infrastructure delivery. When PFI was first introduced under the Major government and then embraced wholeheartedly by Gordon Brown as Chancellor, the memory of egregious cases of massive budget overruns and missed deadlines in the delivery of public projects was still fresh in the collective memory.
It was confidently asserted at the time that private sector efficiencies and management skills, coupled with effective risk transfer, would more than compensate for the higher cost of private sector borrowing and improve project delivery and overall cost.
The debate has now turned full circle and, with the Carillion debacle, the industry is facing close scrutiny.
Against this background, the 15th edition of City & Financial Global's 'UK Infrastructure Policy & Investment Summit', is particularly timely. It will take place in London on Wednesday 28th March 2018.
Robert Jenrick MP, Exchequer Secretary, HM Treasury, has agreed to give the keynote address and Sir Amyas Morse KCB, Comptroller and Auditor General, National Audit Office, will be speaking.
This highly topical event is being organised in partnership with the National Infrastructure Commission and the Infrastructure and Projects Authority, both of which are running their own one-hour long panel sessions within the programme. The NIC session will focus on the National Infrastructure Assessment, while the IPA panel will look at transforming infrastructure performance.
Other topics that will be covered include:
* The future of private finance in infrastructure post-Carillion
* Regional infrastructure delivery in a devolved UK
* Labour's plans for PFI projects and the use of private finance
* Prospects for the UK's major project pipeline
* Evolving models for private sector involvement in Scottish infrastructure
* The latest developments in infrastructure financing and investment
* Key technologies that are transforming infrastructure
* Housing delivery: the need for fundamental answers to fundamental questions
Speakers confirmed to date include:
* Robert Jenrick MP, Exchequer Secretary, HM Treasury
* Simon Adams, Head of Commercial, Crossrail 2
* Sir Mark Boleat, Chairman, Housing & Finance Institute
* Sir Merrick Cockell, Chairman UK Municipal Bonds Agency & Chairman, London Pensions Fund Authority
* Gershon Cohen, Global Head of Infrastructure Funds, Aberdeen Standard Investments
* Phil Graham, Chief Executive, National Infrastructure Commission
* Sean Hanson, Chief Executive, Local Partnerships
* Adrian Jones, Director, Infrastructure Debt, Allianz Global Investors
* Sir Amyas Morse KCB, Comptroller and Auditor General, National Audit Office
* Joe Perkins, Chief Economist & Partner, OFGEM
* Andy Rose, Chief Executive Officer, Global Infrastructure Investor Association (GIIA)
* Keith Waller, Senior Advisor, Infrastructure and Projects Authority
* Cllr Darren Rodwell, Leader, London Borough of Barking and Dagenham
* Peter Reekie, Chief Executive, Scottish Futures Trust
* Lord Porter of Spalding CBE, Chairman, Local Government Association
1st March 2018