Summary
A pounds 326 million PFI scheme to rebuild 12 Birmingham schools represents poor value for money to city taxpayers, education union leaders have claimed.
Birmingham City Council has finalised a deal that will see construction firm Balfour Beatty complete the work as a Private Finance Initiative project.See the full content of this document
Extract
Rebuilding 12 Schools 'Poor Value for Money'
Under the controversial arrangement, Balfour will build and manage the schools while the authority pays off the cost over a 30- year period, similar to a mortgage.
But public servic...See the full content of this document
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