Private Finance Initiative

Trade and Industry written question – answered on 18th July 2001.

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Photo of Austin Mitchell Austin Mitchell Labour, Great Grimsby

To ask the Secretary of State for Trade and Industry how many (a) PFI and (b) PPP contracts have been agreed by his Department over the last five years; how many have been satisfactorily completed; and in how many has compensation been (i) paid and (ii) claimed for performance failure.

Photo of Patricia Hewitt Patricia Hewitt Secretary of State, Department of Trade and Industry

The Department and its agencies have signed three PFI/PPP contracts in the last five years. All three are on-going. No compensation has been paid in relation to these contracts. In the case of one contract, service credits amounting to £8,500 have accumulated for performance failure.

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