Private Finance Initiative (PFI)
Project Review Group (PRG)
The Project Review Group oversees the approval process for local authority PFI projects that receive Government support. It is the gatekeeper for the delivery of PFI credit funding to the local authority PFI programme.
The documents available below are in Adobe Acrobat Portable Document Format (PDF). If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website. For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
- PDF file of Process and Code of Practice (78KB)
- PDF file of Evaluation Framework - Guidance to Reviewers (37KB)
The PRG timetable for 2007 is:
16th January
20th February
20th March
17th April
15th May
19th June
17th July
18th September
16th October
20th November
18th December
PRG 2nd Stage Reviews
The PRG has launched a 2nd stage review process (March 2005). The review involves evaluating a projects affordability and compliance with standardised contract terms and conditions at a stage just prior to appointing preferred bidder. The process for the 2nd stage review is available below:
PDF file of Project Review Group - 2nd Stage Review Process (64KB)
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