The Open Dictionary

PFI

noun

UK/ˌpiː.efˈaɪ/
US/ˌpiː.efˈaɪ/

Definitions of PFI noun

  1. Uncountable

    An abbreviation for Private Finance Initiative, which is a system where private companies construct and sometimes manage significant projects like hospitals or roadways, with the government paying for their use.

    • The government is considering using PFI to finance the new railway project.

    • Many have criticised the lack of transparency in PFI contracts.

    • Through PFI, private companies are able to manage public services.