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Departments: Private Finance Initiative

Volume 462: debated on Wednesday 11 July 2007

To ask the Secretary of State for Transport what the total cost is of all private finance initiative projects for which her Department has responsibility completed since 1997; and what the projected cost is of such projects commissioned or under way. (148021)

The HM Treasury website provides updated details (on a six monthly basis) of awarded PFI projects overseen by the Department of Transport. The project details include the date of financial close, total capital value and the annual unitary charge payment. This information is available at:

http://www.hm-treasurygov.uk/documents/public-private_partnerships/ppp_pfi_stats.cfm

The Treasury website includes unitary charge payments up until 2033-34. The following projects overseen by the Department for Transport involve payments beyond that date:

Docklands Light Railway Woolwich extension

2034-35 estimated unitary charge £12.2 million

A1 Darrington to Dishforth

2034-35 estimated unitary charge £52.2 million

2035-36 estimated unitary charge £53.5 million

Doncaster interchange

2034-35 estimated unitary charge £3.86 million

2035-36 estimated unitary charge £3.86 million

2036-37 estimated unitary charge £3.86 million

2037-38 estimated unitary charge £3.86 million

2038-39 estimated unitary charge £0.965 million

The forecasts of future payments are subject to the performance of the private sector contractor.

The unitary charge payments represent repayments of the capital (sum of the capital spend) of the project and will also frequently include inflation, service provision, capital repayments and major refurbishments.