It is without doubt the best investiment in the world. Pay the bungs to get in on a private finance initiative (PFI) and the money just keeps on rolling in.
We now find we are to pay Â£33m to buy the company that private investors set up with just Â£5.5m and we have already given them Â£8.5m since 1999 – so that makes them a nice tidy profit on their Â£5.5m of Â£36.5m since 1999 on building Inverness airport terminal.
Let us go back to the reason why PFI’s were so good for the taxpayer and the government – was that through PFI all risks were taken from the Government [taxpayer] and put on to the private sector.
Obviously this is not happening – the taxpayer is being burdened and the private sector is watching the money rolling in faster than the dot-com boom.