Bullshitting over Private Finance for Prosiect Gwyrdd
Cllr Mark Stephens took on the PFI question at Cardiff Council meeting of 24th February. "P Gwyrdd is under a PPP partnership so cannot be PFI" – you're confused he told Anne Greagsby!
People had thought this guy spouts acronyms like DBFOM and PPP to show his superiority, but his answer showed he doesn't understand that a partnership can use private finance – it fully deserved the response “bullshit”, which caused ripples amidst the smug rows in the Council Chamber.
Why is this important? Because it shows the chair of Prosiect Gwyrdd is an ignoramus, who doesn't read the crucial financial documents. The Procurement Strategy [1] at s.8.4.1 says WAG funding is “critical” and WAG requires use of SoPc4 (Standardisation of PFI Contracts Version 4). It shows too ignorance of the reasons why the LibDem party and its guru Vince Cable reject PFI deals as excessively costly and a proven rip-off.
Cllr Stephens also chairs Cardiff Council's Finance Cttee, which may explain the crassly wasteful expenditure in the Council's waste section, who sent kitchen and garden biowastes for processing in Derby at the immense cost of £500 per tonne (normally near £50 per tonne).
[1] www.caerphilly.gov.uk/prosiectgwyrdd/pdfs/Procurement_Strategy.pdf ; Standardisation of PFI Contracts Version 4 www.hm-treasury.gov.uk/d/ppp_technical_update.pdf
Cllr Mark Stephens took on the PFI question at Cardiff Council meeting of 24th February. "P Gwyrdd is under a PPP partnership so cannot be PFI" – you're confused he told Anne Greagsby!
People had thought this guy spouts acronyms like DBFOM and PPP to show his superiority, but his answer showed he doesn't understand that a partnership can use private finance – it fully deserved the response “bullshit”, which caused ripples amidst the smug rows in the Council Chamber.
Why is this important? Because it shows the chair of Prosiect Gwyrdd is an ignoramus, who doesn't read the crucial financial documents. The Procurement Strategy [1] at s.8.4.1 says WAG funding is “critical” and WAG requires use of SoPc4 (Standardisation of PFI Contracts Version 4). It shows too ignorance of the reasons why the LibDem party and its guru Vince Cable reject PFI deals as excessively costly and a proven rip-off.
Cllr Stephens also chairs Cardiff Council's Finance Cttee, which may explain the crassly wasteful expenditure in the Council's waste section, who sent kitchen and garden biowastes for processing in Derby at the immense cost of £500 per tonne (normally near £50 per tonne).
[1] www.caerphilly.gov.uk/prosiectgwyrdd/pdfs/Procurement_Strategy.pdf ; Standardisation of PFI Contracts Version 4 www.hm-treasury.gov.uk/d/ppp_technical_update.pdf
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