Tuesday 14:00
Douglas Alexander, Minister of State for Trade, Investment and Foreign Affairs today told the Public Private Partnership Global Summit in Prague how the UK has pioneered value for money on public service provision.
Mr Alexander said: "Strong and dependable public services are at the foundation of a flexible and productive economy. In the UK, Public Private Partnership, plays an important role in the government's agenda to deliver high quality public services.
"By structuring an effective partnership between the public and private sectors, and sharing the risks, the government achieves best value for money and delivers more projects on time, and within budget.
"Since 1997 the total investment undertaken under signed PFI projects to date amounts to £40 billion across a range of sectors including schools, hospitals, prisons and roads."
Notes for Editors
1. After addressing the PPP Global Summit Mr Alexander will have talks with Mr Martin Tlapa, Deputy Minister for Industry and Trade.
2. UK Trade & Investment is the government organisation that provides integrated support services for UK companies engaged in overseas trade and foreign businesses focused on the UK as an inward investment location. It brings together the work of teams in 200 British embassies and FCO posts overseas and government departments across Whitehall. In England, UK Trade & Investment services are delivered through the 45 Business Links and other partners including Regional Development Agencies and Chambers of Commerce, coordinated by nine regional International Trade Directors. The devolved administrations in Scotland, Wales and Northern Ireland have their own arrangements for local delivery of services. For more information visit the web site http://www.uktradeinvest.gov.uk
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