PRIVATE FINANCE INITIATIVE IN THE UK 2008-2012

Table of Contents

1. INTRODUCTION

2. EXECUTIVE SUMMARY

• 2.1 SITUATION ASSESSMENT
• 2.2 FUTURE PROSPECTS

3. BACKGROUND - THE EVOLUTION OF PFI

• 3.1 INTRODUCTION
• 3.2 1992 - 1997
• 3.3 1997 - 2001
• 3.4 2001 - 2005
• 3.5 2005 TO DATE

4 MARKET OVERVIEW

• 4.1 BACKGROUND
• 4.2 MARKET PERSPECTIVE
  • 4.2.1 Departmental Capital Budgets
  • 4.2.2 Key Influences on the PFI Sector
• 4.3 OVERALL PFI MARKET
  • 4.3.1 Market Size
  • 4.3.2 Sector Mix
• 4.4 OVERALL FUTURE PROSPECTS

5 FOCUS ON THE MAJOR DEPARTMENTS

• 5.1 DEPARTMENT FOR TRANSPORT
• 5.2 DEPARTMENT OF HEALTH
• 5.3 THE MINISTRY OF DEFENCE
• 5.4 THE DEPARTMENT FOR DEPARTMENT FOR CHILDREN, SCHOOLS AND FAMILIES
• 5.5 DEPARTMENT FOR COMMUNITIES AND LOCAL GOVERNMENT
• 5.6 THE DEPARTMENT FOR THE ENVIRONMENT AND RURAL AFFAIRS

6. FOCUS ON DEVOLVED GOVERNMENTS

• 6.1 SCOTTISH GOVERNMENT
• 6.2 NORTHERN IRELAND EXECUTIVE
• 6.3 WELSH ASSEMBLY GOVERNMENT

7. PROVIDERS

• 7.1 INTRODUCTION
• 7.2 LEADING PRIME CONTRACTORS ON DBFO/DB PROJECTS
  • 7.2.1 Major Companies
  • 7.2.2 The Importance of FM Providers
• 7.3 LEADING PRINCIPAL CONTRACTING GROUPS
  • 7.3.1 Alfred McAlpine Plc
  • 7.3.2 AMEC Plc
  • 7.3.3 Amey UK Plc
  • 7.3.4 Babcock & Brown
  • 7.3.5 Balfour Beatty Plc
  • 7.3.6 Bouygues UK Ltd
  • 7.3.7 Bovis Lend Lease Ltd
  • 7.3.8 Carillion Plc
  • 7.3.9 Costain Plc
  • 7.3.10 Galliford Try Plc
  • 7.3.11 HBG UK Ltd
  • 7.3.12 Interserve Plc
  • 7.3.13 Jarvis Plc
  • 7.3.14 John Laing Plc
  • 7.3.15 Kier Group Plc
  • 7.3.16 Laing O' Rourke Plc
  • 7.3.17 May Gurney Integrated Services Plc
  • 7.3.18 Miller Group Plc
  • 7.3.19 MJ Gleeson Group Plc
  • 7.3.20 Morgan Sindall Plc
  • 7.3.21 Norwest Holst Ltd
  • 7.3.22 Robertson Group
  • 7.3.23 Rydon Group
  • 7.3.24 Serco Group Plc
  • 7.3.25 Shepherd Building Group Ltd
  • 7.3.26 Sir Robert McAlpine Ltd
  • 7.3.27 Skanska UK Plc
  • 7.3.28 Taylor Wimpey Plc
  • 7.3.29 Wates Group Ltd
  • 7.3.30 Willmott Dixon Group
  • 7.3.31 WS Atkins Plc
• 7.4 CONCLUSION
• GLOSSARY OF TERMS

TABLES AND CHARTS

• CHART 1 NUMBER AND COMBINED CAPITAL VALUE OF PFI PROJECTS SIGNED ANNUALLY - 1996 -2005
• CHART 2 MIX BY DEPARTMENT OF PFI SCHEMES SIGNED IN 2005 BY CAPITAL VALUE £M
• TABLE 3 TOTAL PUBLIC SECTOR CAPITAL BUDGET - DEPARTMENTAL EXPENDITURE LIMITS (£BILLION)
• CHART 4 CAPITAL VALUE OF SIGNED PFI DEALS BY YEAR OF FINANCIAL CLOSE (£ BILLION)
• TABLE 5 ADJUSTED CAPITAL VALUE OF PFI MARKET 2003 - 2007
• TABLE 6 ADJUSTED AVERAGE PROJECTS VALUE 2003 -2006
• TABLE 7 SIGNED PFI PROJECTS BY GOVERNMENT DEPARTMENT 2003 -2007* CAPITAL VALUE (£MILLION)
• CHART 8 PRODUCT MIX BY GOVERNMENT DEPARTMENT BY VALUE 2006
• CHART 9 PRIVATE SECTOR CAPITAL SPENDING ALL 2003-2009
• CHART 10 PUBLIC SECTOR CONSTRUCTION OUTPUT 2001-2009
• TABLE 11 DEPARTMENT FOR TRANSPORT - PFI PROJECTS BY NUMBER AND CAPITAL VALUE
• CHART 12 PRIVATE SECTOR CAPITAL SPENDING DFT 2003-2009
• TABLE 13 DEPARTMENT OF HEALTH - PFI PROJECTS BY NUMBER AND CAPITAL VALUE
• CHART 14 PRIVATE SECTOR CAPITAL SPENDING DOH 2001-2009
• TABLE 15 MINISTRY OF DEFENCE - PFI PROJECTS BY NUMBER AND CAPITAL VALUE
• CHART 16 PRIVATE SECTOR CAPITAL SPENDING MOD 2003-2009
• TABLE 17 DEPARTMENT FOR CHILDREN, SCHOOLS AND FAMILIES (EX-DFES) - PFI PROJECTS BY NUMBER AND CAPITAL VALUE
• CHART 18 PRIVATE SECTOR CAPITAL SPENDING DCSF 2003-2009
• TABLE 19 DEPARTMENT FOR COMMUNITIES AND LOCAL GOVERNMENT (EX-ODPM) - PFI PROJECTS BY NUMBER AND CAPITAL VALUE
• CHART 20 PRIVATE SECTOR CAPITAL SPENDING DCLG 2003-2009
• TABLE 21 DEPARTMENT FOR THE ENVIRONMENT AND RURAL AFFAIRS - PFI PROJECTS BY NUMBER AND CAPITAL VALUE
• CHART 22 PRIVATE SECTOR CAPITAL SPENDING DEFRA 2003-2009
• TABLE 23 SCOTTISH GOVERNMENT - PFI PROJECTS BY NUMBER AND CAPITAL VALUE
• CHART 24 PRIVATE SECTOR CAPITAL SPENDING SCOTTISH GOVERNMENT 2003-2009
• CHART 25 SECTOR MIX BY SECTOR BY VALUE 01/2003-10/2007
• TABLE 26 NORTHERN IRELAND EXECUTIVE - PFI PROJECTS BY NUMBER AND CAPITAL VALUE
• CHART 27 PRIVATE SECTOR CAPITAL SPENDING NORTHERN IRELAND EXECUTIVE 2003-2009
• CHART 28 SECTOR MIX BY SECTOR BY VALUE 01/2003-10/2007
• TABLE 29 WELSH ASSEMBLY GOVERNMENT - PFI PROJECTS BY NUMBER AND CAPITAL VALUE
• CHART 30 PRIVATE SECTOR CAPITAL SPENDING WELSH ASSEMBLY GOVERNMENT 2003-2008
• CHART 31 TYPICAL STRUCTURE OF SPVS
• CHART 32 TYPICAL STRUCTURE OF A SPV - FINANCIAL INSTITUTION SEPARATE
• TABLE 33 MAJOR UK CONSTRUCTION CONTRACTORS BY REVENUE (£M) AND SECTOR STRENGTH
• TABLE 34 LEADING EDUCATION CONTRACTORS AND PRINCIPAL CONSORTIA
• TABLE 35 CONSTRUCTION AND ENGINEERING COMPANIES IN THE PFI MARKET AND FM OPERATIONS