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Trillium quits PFI bidding

28 January 2009

Following its acquisition by Telereal , Trillium has announced that is its to stop bidding for private finance initiative (PFI) work, media reports say this week.

Trillium is reported to have said that PFI offers low returns on investment and the bidding process is too protracted and costly. However, it is still planning to continue with a £1.2 billion Building Schools for the Future contract in Birmingham for which is shortlisted.

This move comes at a time when there is growing concern about the ability of private companies in the property and development sectors to gain bank funding that is threatening schemes in the public sector including education, healthcare and urben regeneration.






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