To ask the Secretary of State for Defence what (a) public-private partnerships and (b) private finance initiative contracts have been entered into by his Department; what assets were transferred to the private sector as part of each deal; what the value of these assets was; what the total cost is of each contract; and what estimate was made of the cost to his Department of traditional procurement over the life of each contract. (109341)

I refer the hon. Member to the answer I gave on 6 December 2006, Official Report, column 447W, which listed the PFI contracts and their cost. However, the information published in Hansard contained an error, which will be corrected in the bound volume. The correct values for the C-Vehicles project should have been as follows:

Information on assets transferred as part of the contracts and the estimates made of the cost of traditional procurement over the life of each contract is not held centrally and could be provided only at disproportionate cost. The Department has signed a further 25 deals that are either below £20 million or involve a significant IT/IS element. Information on these, including estimated capital values, are held on the Treasury website available at

http://www.hm-treasury.gov.uk/documents/public_private_partnerships/ppp_pfi_stats.cfm.

In addition to the PFI contracts described above, on 1 July 2001 the majority of the Defence Evaluation and Research Agency's (DERA) assets were transferred into QinetiQ Ltd. under a public-private partnership deal. These assets were described in Schedule 2 of the Defence Science and Technology Laboratory Trading Fund Order 2001, Statutory Instrument 2001 no. 1246, and had an estimated value of £394.5 million. The PPP process has to date raised proceeds for the taxpayer of around £600 million with MOD's retained stake in the company worth around a further £250 million.