2008 and 2009 were challenging years toraise finance for public-private partnerships (PPP) andprivate finance initiative (PFI) schemes in the UnitedKingdom (UK). After some analysis, it was decided to focuson addressing the underlying problem of liquidity and toprovide a solution that will encourage banks to resume theirlong-term financing of projects. In March 2009, the treasurycreated the infrastructure finance unit (TIFU) with theobjective of lending to PFI projects on the same terms ascommercial lenders in the event that insufficient privatesector lending was available. This was successful in helpingto inject confidence back into the market, as witnessed bythe fact that projects have continued to be financed sincethe onset of the credit crisis. Recently, Her Majesty (HM)treasury announced that it will bring together of TIFU, theprogram and project delivery team of partnerships UK, andthe treasury PPP policy unit into a single entity,infrastructure UK (IUK), which will focus on the next stageof U.K. infrastructure development.