MIS-5/E
The Skye Bridge
The Skye Bridge is one of the earliest examples of an infrastructure project carried out under the Private Finance Initiative (PFI). The Scottish Office Development )the Department) signed the contracts for the bridge in December 1991. Under the deal the private sector designed, raised capital for and built the bridge, and they opened the bridge to users in 1995.
The cost of the bridge to users will take the form of tolls which they will pay until the total revenue collected reaches some 24 million. In addition, the Department spent 15 million, of which 12 million went on approach roads and other costs, such as design modifications and 3 million on negotiating the deal.