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Private Finance Initiative

Volume 268: debated on Thursday 7 December 1995

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To ask the Secretary of State for Social Security if he will list for each scheme so far agreed under the private finance initiative the revenue commitment entered into by the Government for each year until the commitment ceases. [3401]

The Department has agreed one project to date under the private finance initiative, to develop a new national insurance recording system. Revenue costs for each year of the agreed contract have not yet been finalised and are commercially confidential.

To ask the Secretary of State for Social Security if he will list the policy changes which will arise from the final agreement in respect of each scheme agreed under the private finance initiative. [3402]

The agreement of schemes under the private finance initiative has not resulted in changes to policy. Agreed schemes represent the application of the PFI policy and offer the opportunity to further refine the processes involved. The lessons learned are set out in the publication "Private Opportunity, Public Benefit". This is published jointly by HM Treasury and the private finance panel, a copy of which is in the Library.