£ 3bn ROI: Huge Burden of Stormont Loans Revealed



Stormont departments still have to pay back nearly £ 3 billion in outstanding loan payments to finance infrastructure projects, with some loans not due in full until 2039.

The Private Finance Initiative (PFI) was designed to create “public-private partnerships” (PPPs) by financing infrastructure projects such as roads and schools with private equity.

There are currently 19 outstanding PFI loans in Stormont departments, with a total of £ 2.8 billion still outstanding, according to Belfast Telegraph.


Source link