抄録
The PFI (Private Finance Initiative) method has been introduced as a part of the public procurement efficiency improvement, and execution matters in our national and the local government comes to exceed 200. The method is that the price is compared in the public sector and the private sector, and that the efficient sector supplies public service. Especially, it is necessary to consider that the value of the tax payment of residents is maximized as an actual problem in the local government's PFI project because public service is familiar. In the PFI project, the cost comparison between public sector and private sector is done by the concept named VFM(Value For Money). VFM is the idea “The most expensive service is supplied to the tax payment.” When a public sector provides it's service, a public sector compares the cost at which the public sector provides service with the cost at which the private sector provides service. If the cost at which the private sector provides it is cheaper, then it is said that there is VFM in PFI project. A public sector introduces a PFI project when the administration judges that there is VFM, and the private sector provides public service. The idea of the VFM evaluation in the PFI project is shown in “Guideline of VFM” of Cabinet Office. The contents are general. A concrete method is not shown in Guideline. Therefore, the evaluation of VFM is not being done in the standardized method in the present situation.
We classify results of VFM evaluations in PFI projects, and analyze the tendency to VFM evaluations on the project branch and a scale of the project expense, etc. We clear the cost comparison between the public sector and private sector in the PFI project, and obtain the following :
1. The fundamental idea of the cost comparison between the public sector and the private sector.
2. Based on the past examples, the present actual situation of the cost comparison between the public sector and private sector
3. Case of PFI project in the local government
4. Arguments about the VFM evaluation.
We discuss that what kind of project could obtain a high VFM evaluation in PFI.
By these arguments, we examine arguments and the actual situation of the cost comparison between the public sector and the private sector in the local PFI project.
JEL classification: H57
