PFI bailout supremo confirmed

Andrew Rose, executive director at Partnerships UK, will head up the newly formed Treasury PFI debt finance team.

The team will oversee the Government’s PFI debt funding package, set up earlier this month in the face of the international debt crisis.

The Treasury debt funding unit will be the first port of call for PFI schemes struggling to raise debt finance. It will consider all applications for senior debt with a brief to lend up to a 100% of the funding needed on a PFI scheme, if deemed appropriate.

Rose comes with relevant experience. He joined PUK in 2005 after a seventeen year career as a senior invesatment banker at Canadian Imperial Bank of Commerce (CIBC). He headed up the investment banking division, overseeing the bank’s infrastructure team and  was chairman of the bank’s credit and deals committee for the European region.

Rose's team will be made up of Treasury officials and project financiers