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Councils' PFI credit requests rejected

The Government has rejected claims for PFI credits from four out of the nine councils that submitted for them to build infrastructure.

The decision follows a year's delay in processing applications and even the five that have been approved for PFI credits must resubmit their proposals which may cause further delays.

The Department for Transport said it received combined bids worth £3 billion, five times over the government's £600 million budget.

The successful councils which will need submit proposals again in February 2008 are:

Hounslow
Isle of Wight
Redbridge
Sheffield
York


The councils that were refused credits are:

Hull
Leeds
Newcastle
Southampton

Source: Infrastructure Journal