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Departments: Private Finance Initiative

Volume 460: debated on Thursday 24 May 2007

To ask the Secretary of State for Communities and Local Government what the total value of private finance initiative projects included in her Department’s balance sheet (a) is in 2007 and (b) was in each of the last five years, broken down by project. (137836)

All of Communities and Local Government sponsored PFI projects are procured and managed by local authorities. Currently therefore there are no private finance initiative (PFI) projects on the Communities and Local Government’s (CLG) balance sheet. CLG does sponsor a number of local authority PFI projects and under current UK accounting standards all CLG sponsored projects are off balance sheet for local authorities. A list of local authority PFI projects sponsored by CLG are available on the HM Treasury signed deals list which can be found at:

http://www.hm-treasury.gov.uk/media/EAF/0A/pfi_signed_projects_list_april_2007.xls

To ask the Secretary of State for Communities and Local Government what the value was of annual private finance initiative payments made by her Department from (a) capital and (b) revenue budgets in each of the last five years. (137837)

Communities and Local Government currently makes no annual private finance initiative payments. All of CLG sponsored PFI projects are procured and managed by local authorities. While CLG makes no direct PFI payments to PFI contractors, it does however provide revenue support to local authorities for the capital element only of PFI costs through grant payments. A list of local authority PFI projects sponsored by CLG is available on the HM Treasury signed deals list which can be found at:

http://www.hm-treasury.gov.uk/media/EAF/0A/pfi_signed_projects_list_april_2007.xls

To ask the Secretary of State for Communities and Local Government what value of annual private finance initiative payments by her Department was classified as (a) identifiable and (b) non-identifiable in each of the last five years, broken down by project. (137838)

Communities and Local Government does not directly make Private Finance Initiative payments to PFI contractors. However CLG does provide revenue support to local authorities for the capital element only of PFI costs through grant payments. All such payments are identifiable. All payments made by local authorities under PFI to private contractors are also 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.

A list of local authority PFI projects sponsored by CLG is available on the HM Treasury signed deals list which can be found at:

http://www.hm-treasury.gov.uk/media/EAF/OA/pfi_signed_projects_list_april_2007.xls

To ask the Secretary of State for Communities and Local Government what value of annual private finance initiative (PFI) payments was (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. (137839)

Communities and Local Government currently makes no annual Private Finance Initiative payments. Whilst CLG makes no direct payments to PFI contractors, it does however, provide revenue support to local authorities for the capital element only of PFI costs through grant payments. A list of local authority PFI projects sponsored by CLG is available on the HM Treasury signed deals list which can be found at:

http://www.hm-treasury.gov.uk/media/EAF/OA/pfi_signed_projects_list_april_2007.xls