Local campaigning group People vs Barts PFI blames the 40-year Private Finance Initiative contract the Trust has signed for the construction and maintenance of the Royal London Hospital in Whitechapel.
Aiming to raise awareness about the scale of the problem, today they are taking an open top bus round East London stopping by a series of PFI locations.
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Myatts Field North was meant to be one of London’s success stories as far as regeneration projects go. “An outdated housing estate” riddled with crime would be remodeled into a “more open, greener and welcoming environment”, Lambeth council put it in 2012.
The old blocks would be demolished to make way for 808 new residential units, while a further 172 existing houses would be refurbished to a modern standard.
All thanks to a £150m Private Finance Initiative (PFI) contract the Lambeth council had entered with a private consortium led by Regenter.