Commenting on the Public Accounts Committee’s Stonehenge Tunnel report, Reform Procurement lead, Dr Joshua Pritchard, said:
“The ‘at-risk’ £2.4bn Stonehenge Tunnel is a worrying example of Government’s inability to think long-term about how it funds major infrastructure projects.
The short-sighted decision to reject private finance schemes without any sort of replacement funding in place has left this and other projects in perpetual limbo, with contractors unwilling to bid for multi-million pound building contracts without know who’ll be footing the bill. PFI had been problematic, but a new approach to private funding should have been put in place before pulling the plug on crucial projects across the UK or expecting Government Departments to magic funds out of thin air.”
Covered by the Salisbury Journal.