Public Private Partnerships: Private Finance Initiative

Defence written question – answered on 20th December 2011.

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Photo of Mike Hancock Mike Hancock Liberal Democrat, Portsmouth South

To ask the Secretary of State for Defence what his policy is on (a) public private partnerships and (b) private finance initiative provision; and if he will make a statement.

Photo of Philip Hammond Philip Hammond The Secretary of State for Defence

Public private partnerships (PPP) cover all types of collaboration across the private-public sector interface involving collaborative working and risk sharing to deliver policies, services, and infrastructure. The Ministry of Defence (MOD) follows HM Treasury policy in this area and adopts these arrangements where they offer best value for money.

Similarly, the policy for private finance initiatives (PFI) is set by HM Treasury and implemented by the MOD Private Finance Unit. The MOD has no preference for PFI over any other form of procurement and continues to consider the use of private finance alongside all other appropriate acquisition options at the outset of all procurements. No MOD projects are currently pursuing a PFI procurement strategy.

The MOD intends to play an active part in contributing to the reform agenda for PFI announced to the House on 15 November 2011, Hansard, columns 34-35WS, by the Chancellor of the Exchequer, my right hon. Friend Mr Osborne.

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