Private Finance Initiative

Department for Transport 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 Transport, 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 Claire Perry Claire Perry Parliamentary Under-Secretary (Department for Transport)

The Department has the following liabilities over the next 20 years under the private finance initiative contracts to which it is counterparty:

These are the latest available figures and represent the forecast nominal cash payments due under the contracts over this period (2014-15 to 2033-34).

The Department also provides financial support to Local Authorities for a number of private finance initiative transport projects, though these are not the Department’s liabilities. Further information on these Local Authority sponsored projects can be found at the following web address. This currently provides information as at 31 March 2013 but will be updated shortly with data as at 31 March 2014:

Table (Excel SpreadSheet, 11.91 KB)

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