These are, apparently, also known as BOT (build-operate-transfer) projects. Half are to do with transport, but PFI is also used for schools and hospitals.
From: In the UK, under the Government's "Private Finance Initiative" Launched in 1992, BOT Projects with a Value of GBP 48.3 Billion Had Been Signed by March 2006.
Source: Business Wire, January 15, 2007. Via: 
The Independent (June 6) reports on a National Audit Office finding that many PFI projects are poor value. This kind of financing has been controversial for a long time, and seems like another way of burdening future generations while pulling the wool over the eyes of the present electorate. It seems to me like another sign that governments are losing control of our money and trying to pretend they're not. The pretence merely prolongs and increases the problems.
From: Half of PFI deals fail 'good value' test ; Business News IN BRIEF
Source: The Independent - London, June 6, 2007. Via:
...and now a high-profile project in London, servicing the underground railway system, has suffered financial collapse, leaving behind extra costs and political embarrassment:
From: Tube's 17bn upgrade at risk as Metronet collapses ; Mayor will need to find 50m a week by DICK MURRAY
Source: Evening Standard - London, July 18, 2007. Via:
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