Previous governments have sought to obtain capability improvements for the MoD via the mechanisms of Private Finance Initiatives (PFI) and Public Private Partnerships (PPP)
The graph below shows the start and end date for each of the contracts listed in the MoD’s 2013/14 Annual Accounts with each project referenced on the Y axis.
These projects are detailed in the table below[table id=6 /]
The table shows the original contract value and end date, in some cases contracts have been extended (DFTS for example) and contract values may have changed also, especially given SDSR 2010 mandated reductions so this data should be seen as subject to confirmation.
There are a couple of interesting changes since I last looked at this in 2009, gone are the Hayes Records and Storage, Strategic Sealift and Defence Animal Centre projects.
Not shown is the payment profile, it is unlikely that projects will take the principal value and divide by the number of months to get a monthly payment, th e profile will no doubt vary over the term so this does not show the potential problems with variable payment profiles.
With all that said, it is still interesting to see how certain PFI’s will come to an end and speculate what comes next.
Some are due to finish in the next few years.