Departments: Private Finance Initiative

Communities and Local Government written question – answered on 17th July 2007.

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Photo of Jacqui Lait Jacqui Lait Shadow Minister, Communities and Local Government 17th July 2007

To ask the Secretary of State for Communities and Local Government what the total cost is of all private finance initiative projects for which her Department has responsibility completed since 1997; and what the projected cost is of such projects commissioned or underway.

Photo of Iain Wright Iain Wright Parliamentary Under-Secretary, Department for Communities and Local Government, Parliamentary Under-Secretary (Department for Communities and Local Government) 17th July 2007

The Department has responsibility for 46 signed PFI projects, of which all but one are contracts entered into by local authorities. The total level of capital investment being supported is £1,154 million. The projected annual payments, up to 2033-34, are £4,015 million. These payments cover the whole contract, including services, as well as payment for the capital investment, and are conditional on the performance of the contractor.

Costs for individual projects are available on the HM Treasury website, at:

www.hm-treasury.gov.uk/documents/public_private__partnerships/ppp_pfi_stats.cfm.

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