We received the final information from the promoters in response to our questions in spring this year. At that time, the promoters estimated that the scheme would require central Government funding of £422 million PFI credits, and a local contribution of £140.6 million (in present value).
Today we approved programme entry for the NET extensions, with central Government funding of £437 million PFI credits, on the basis of the promoter’s latest estimates. The latest estimate for the required local contribution is £141.0 million (in present value).