Star date: 25th June 2018
COUNCIL SCREWED FOR £18.7MILLION PER YEAR PFI SCHOOLS AND HOUSING COSTS
Schools and Pendleton Together Housing schemes set up under the Private Finance Initiative, or PFI, are costing Salford Council £18.7million per year – after Government grants.
Over the life of the schemes, interest payments alone will be over £242million, with a total PFI liability of £804,931,000. Much of this money will end up in offshore companies.
Full details here...