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English definition of “PFI”

PFI

noun [U]     /ˌpiːefˈaɪ/
FINANCE abbreviation for Private-Finance Initiative: in the UK, a system where private companies build and sometimes manage large projects such as hospitals or roads, and then the government pays to use them: The PFI provides a way of funding major capital investments, without costing the government a lot of money.
(Definition of PFI noun from the Cambridge Business English Dictionary © Cambridge University Press)
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