Information on completed private finance initiative (PFI) projects which have gone over budget or opened late is not routinely collected centrally. To provide such information for each of the past five years would incur disproportionate costs.
A key aspect of PFI is the transfer of risk of projects going over budget. Therefore, any cost overruns will be borne by the private sector provider, not the public sector. The private sector is only paid once the facility is built and operational to the agreed standard and is subject to penalties and deductions if services falls below agreed standard.