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Departments: Private Finance Initiative

Volume 460: debated on Tuesday 22 May 2007

To ask the Chancellor of the Exchequer (1) what the total value of private finance initiative projects included in his Department's balance sheet (a) is in 2007 and (b) was in each of the last five years, broken down by project; (137792)

(2) what the value was of annual private finance initiative payments made by his Department from (a) capital and (b) revenue budgets in each of the last five years;

(3) what value of annual private finance initiative payments by his Department was classified as (a) identifiable and (b) non-identifiable in each of the last five years, broken down by project;

(4) what value of annual private finance initiative (PFI) payments were (a) to repay capital and (b) expenditure on other parts of each PFI contract in each of the last five years, broken down by project.

The Treasury has one PFI project which relates to the 1 Horse Guards Road building. All payments made under PFI are identifiable. Prior to a PFI contract being signed the profile of unitary charge payments is agreed between the contractor and the public sector, subject to the operation of the payment mechanism.

Full details of the 1 Horse Guards Road PFI project have been included in the Department's resource accounts in each year since its inception in 2002-03. Copies of the Treasury's resource accounts are available on the Treasury website at:

www.hm-treasury.gov.uk/about/resourceaccounts/resourceaccounts_index.cfm