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Joint capital and operational spending over the first five years is estimated at $1.2bn £730mm).
To its boosters, PFI represents an efficient way to fund investment while keeping operational spending safe from salami-slicing politicians of the future.
The cost would be tremendous, he acknowledged, but he said that it would be offset by efficiencies in government, achieved by a newly formed agency called the Bureau of Capital and Operational Spending Rationalization.
This year that will mean cutting around £1 billion of operational spending on things that don't help our customers.
Consequently, government IT spending intensity is beginning to diverge from traditional operational spending trends," Brant added in a statement.
Operational spending presently runs at about £4.6bn a year, a sum that is ring-fenced but which is eroded by inflation.
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"This year, that will mean cutting around £1bn of operational spend on things that don't help our customers," a statement confirmed.
All teams have costs they cannot avoid - hotels, petrol and so on - but given the correlation between wages and winning, most keep their "operational spend" down to a minimum, typically allocating 90% of their resources to salaries.
A lot of the capital and operational transport spend on the London 2012 Games was designed to have very broad economic, social and health benefits and leave behind a broad legacy that classic transport planning would not have led to.
In fact, growing oil revenue is boosting operational and capital spending.
*There is no operational connection between spending, taxing, and debt management.* Operationally, they are completely distinct.
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