Private Finance Initiative

Foreign and Commonwealth Office written question – answered on 20th October 2014.

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Photo of Simon Kirby Simon Kirby Conservative, Brighton, Kemptown

To ask the Secretary of State for Foreign and Commonwealth Affairs, what the total private finance initiative liabilities of his Department are for the next 20 years; and if he will make a statement.

Photo of David Lidington David Lidington The Minister for Europe

The Foreign and Commonwealth Office (FCO) has only one private finance initiative liability. This is in relation to the British Embassy in Berlin. The FCO Berlin Private Finance Initiative (PFI) liability (the Unitary Payment) expires in June 2030. The Unitary Payment under the PFI agreement is annually indexed using an agreed index formula. The value of the PFI is commercially sensitive, as the release of such information would likely be commercially disadvantageous to the FCO when tendering future contracts as part of the initiative.

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