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Health written question – answered on 16th May 2002.

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Photo of John Bercow John Bercow Shadow Chief Secretary to the Treasury

To ask the Secretary of State for Health what estimate he has made of the total savings to public funds of the Private Finance Initiative contract for the adult acute psychiatric unit reprovision for the Thames Gateway NHS trust by comparison with a non-private finance initiative alternative.

Photo of John Hutton John Hutton Minister of State, Department of Health, Minister of State (Department of Health) (Health)

The business case justifying the individual schemes estimated the net savings in present value terms (i.e. all future costs and benefits discounted to their present values) compared with publicly funding the scheme as follows:

Net present costs of PSC v PFI option
Thames Gateway NHS trust
PFI (£000) 54,245
Public (£000) 55,778
Savings in net present value terms (£000) 1,533
Percentage difference 2.75

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