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Private Finance Initiatives

Volume 453: debated on Tuesday 28 November 2006

To ask the Secretary of State for Education and Skills what the total capital value is of each private finance initiative scheme overseen by his Department which has reached financial close; over what period repayments will take place; and what the total cost of repayment will be. (103604)

The information requested concerning the total capital value of private finance initiative projects that have reached financial closure and the length of their contracts has been placed in the House Library. The information has been estimated by the Department on the basis of returns from the local authorities concerned, some of which are incomplete.

The Department does not hold accurate records of the total cost of repayments made by individual local authorities.