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Private Finance Initative

Volume 268: debated on Wednesday 20 December 1995

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To ask the Chancellor of the Duchy of Lancaster if he will provide a breakdown of administration costs incurred to date and forecast for the future on PFI work. [5714]

Costs incurred by the Cabinet Office, including the Office of Public Service, HMSO and Central Office of Information directly identifiable to PFI administration are negligible. The Department is undertaking a procurement exercise for the upgrade of the Government's metropolitan telecommunications service, for which overall project development and procurement costs are estimated at around £250,000, and private finance options are being considered.