Prime Minister John Major is expected to place the whole PFI project on a higher profile footing with a major announcement later this summer after the scheme was dogged by delays and withdrawal of private sector financiers. A Treasury spokesman confirmed that in the PFI era nothing was sacred - including fleet - and that the Treasury would not approve any significant capital expenditure for projects for which the private finance route had not been explored.
Although it started as a traditional tender, the contract to provide transport for the Ministry of Defence is currently undergoing the PFI tender process and a decision on which funding route will be adopted is expected within the next two months. Other obvious targets would be Government department fleets currently run in-house - such as those covered in the 'Whitehall superfleet' deal with Vauxhall last year (Fleet News September 1, 1995).
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