Private Finance Initiative

Treasury written question – answered on 7th October 2008.

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Photo of Stephen Hammond Stephen Hammond Shadow Minister (Transport)

To ask the Chancellor of the Exchequer in respect of which private finance initiative projects the obligations on either party have not been met, leading to (a) contract renegotiation and (b) contract failure followed by project reversion to public control.

Photo of Yvette Cooper Yvette Cooper The Chief Secretary to the Treasury

In all cases but one, the National Physical Laboratory, the failure of either party to meet its obligations under the private finance initiative has led to contract re-registration or reversion to public ownership.

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