<ul data-eligibleForWebStory="false"><li>The poor management of private finance contracts is leading to low-quality assets being handed back to the government, such as schools and hospitals, as noted by the public accounts committee (PAC).</li><li>PFI deals have been a controversial way to build public projects without adding to the national debt, but concerns persist over the value for money they provide.</li><li>MPs are recommending major changes to ensure careful management of PFI contracts and compliance with obligations by private sector firms to avoid issues when contracts expire.</li><li>The PAC is urging the government to provide a comprehensive framework for sharing risks between public and private sectors, along with detailed information on future infrastructure projects to attract new investors and drive competition.</li></ul>

Government inheriting poor value assets due to bad handling of PFI contracts, watchdog says

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