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International Public Partnership says Carillion hit was just £1.5m – International Public Partnership has released results for the year ended 31 December 2017. Highlights are:
Addressing the issues of PFI and Carillion, the company said “While noting recent political debate about the merits of private capital in financing public infrastructure, INPP believes substantial protections to shareholder value exist. Nevertheless, INPP acknowledges its continued responsibility to demonstrate the value for money it delivers to the assets under its management and to their end-users.” and INPP’s “Carillion-related issues [have been] substantially resolved with estimated overall impact projected to be less than GBP1.5 million. No increased costs are anticipated for the public sector nor any job losses for site-based former Carillion employees.”
PORTFOLIO UPDATE
Rupert Dorey, Chairman of International Public Partnerships Limited, commented: “I am pleased to report another successful year for all our stakeholders where we continued to exceed our dividend return targets and prove our commitment to delivering sustainable, long-term, inflation-linked returns to our shareholders. We continue to believe in the strong risk mitigation that exists across our portfolio and as facilitators of public services through the long-term private investment we provide, we continue to have a responsibility to demonstrate the public benefit of all our activities, to all our stakeholders.”
INPP : International Public Partnership says Carillion hit was just £1.5m
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