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Private Finance Initiative

Volume 270: debated on Monday 22 January 1996

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To ask the President of the Board of Trade what have been the running costs relating to the tendering process of the private finance initiative in each year since its introduction (a) in real terms and (b) in cash terms disaggregated by (i) staff costs, (ii) information technology and (iii) other costs. [10969]

The running costs relating to the tendering process of the private finance initiative within my Department and its associated bodies since its introduction are as follows:

£ thousand
1992–931993–941994–951995–96
Staff costsNilNil111.5 (11.5)1163.4 (159.1)
ITNilNilNilNil
Other costsNilNil111.5 (11.5)122.4 (21.8)
1Real costs in brackets.

To ask the President of the Board of Trade how much has been spent on external consultants in the tendering process of the private finance initiative in each year since its introduction (a) in real terms and (b) in cash terms disaggregated by (i) legal fees, (ii) publicity costs, (iii) accountancy fees and (iv) management consultancy fees. [10970]

No money has yet been spent by my Department on external consultants in the tendering process for projects under the private finance initiative.