Private Finance Initiative

Part of Oral Answers to Questions — Treasury – in the House of Commons at 12:00 am on 13 March 1997.

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Photo of Stephen Timms Stephen Timms , Newham North East 12:00, 13 March 1997

Why has none of the major hospital PFI schemes yet been completed? The Government said in the Red Book that there would be £2.5 billion-worth of investment under the PFI next year, but only £1.3 billion had been committed by last December. What is the present shortfall in the amount committed to the PFI, and what will the Government do to bridge the gap and provide desperately needed investment in hospitals and other public services?