In May 2008, the Scottish Government announced its way forward for infrastructure investment in Scotland to secure new schools, hospitals and transport projects at better value to the public purse.
Ministers published the strategic business case for the Scottish Futures Trust initiative to be supported by a new company established in the public sector.
It's now more than a year and a half since the SFT was announced and I've suggested several times that the Scottish Government need to start showing the public that this organisation is set to deliver the goods.
The SFT cost £23m to set up while its budget for the next financial year is £5.9m.
Today the Sunday Post reports the salaries of SFT employees. The CEO, Barry White, receives £180,000 and seven other administrators are paid between £50,000 and £95,000. The four most senior director appointments are paid between £85,000 and £130,000. Another batch of support staff and executives are due to be recruited later this year.
The SNP said the not-for-profit body would end the exorbitant costs associated with the Private Finance Initiative system of funding, saving taxpayers between £100 and £150 million a year.
I have no objection to anyone being paid their worth, but the SFT has yet to produce anything of substance. Time has run out for this body to show its existence will have any money-saving effect on government expenditure.
Sadly the only news ever reported about it is negative and when Scots read their newspaper this morning that message will be reinforced. Only the Scottish Government can change the present image of the SFT - if it's not already too late.