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Private Finance Initiative Projects

Volume 455: debated on Wednesday 10 January 2007

To ask the Secretary of State for Health how much has been spent by her Department on private finance initiative projects postponed pending further consideration or stopped in the last 12 months. (112665)

The Department announced on the 18 January 2006 that it would be reviewing all private finance initiative schemes yet to reach financial close and with an expected capital value of greater than £75 million. The purpose of the review process is to deliver schemes that are financially viable and sustainable over the long-term, and in pursuit of achieving these objectives certain schemes have experienced limited delays.

In conducting the review process, the Department has so far incurred costs of £220,271. These costs do not include any incurred by the trusts themselves.