TY - JOUR T1 - The British Model of Private Finance Initiative and Public-Private Partnership Ten Years Later JF - The Journal of Structured Finance SP - 61 LP - 71 DO - 10.3905/jsf.2001.320259 VL - 7 IS - 3 AU - Marc Bradford Y1 - 2001/10/31 UR - https://pm-research.com/content/7/3/61.abstract N2 - A decade ago, the U.K. government launched its so-called private finance initiative (PFI) to bring private equipment, services, and financing into public services. The definition of the term was later broadened to include public-private partnerships (PPPs). Although this type of program has been implemented elsewhere only to a limited extent, there are now growing signs of interest in several other countries in the European Union and Latin America. This article assesses the current status of PFI/PPP financing techniques in the defense sector. Through increased involvement of the private sector in providing quasi-military services such as air transport, governments can ensure that necessary resources are provided for the most important strategic military objectives when their budgets are constrained. ER -