Departmental Buildings

Treasury written question – answered at on 8 February 2010.

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Photo of John Baron John Baron Opposition Whip (Commons)

To ask the Chancellor of the Exchequer how much the annual unitary payment is to the private finance initiative provider responsible for works and refurbishment to his Department's buildings.

Photo of Sarah McCarthy-Fry Sarah McCarthy-Fry Parliamentary Secretary, HM Treasury

The annual unitary payment to the PFI provider for the 1 Horse Guards Road building can be calculated from data shown in the Treasury's 2008-09 Annual Report and Accounts HC 611 available from:

http://www.hm-treasury.gov.uk/dep_perf_reports_index.htm

The unitary payment of £18,287,000 is the sum of 'Interest element of on-balance sheet PFI contract' £11,929,000 and 'Service element of on-balance sheet PFI contract' £4,444,000 in note 7.2 'Other administration costs' on page 198 plus 'PFI contract' £1,914,000, shown in note 17.1 'Creditors analysis by type-amounts falling due within one year'.

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