Private finance schemes by successive governments have left Scottish taxpayers footing a £40 billion bill to build schools, hospitals, roads and other projects worth £9 billion, according to Scotland’s spending watchdog.
Calls for regulators to investigate secretive charity with links to Scottish private finance projects and £2.5m in the bank.
Private finance schemes are secretive, give too much power to companies outwith Scotland and may not deliver value for money.
The Scottish Government is coming under pressure to find a new way to finance infrastructure investment as concerns rise over the cost of private finance schemes.
Private finance schemes are to be investigated by public spending watchdogs after they punched a £932m hole in the Scottish Government’s budget.