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Departments: Private Finance Initiative

Volume 462: debated on Wednesday 11 July 2007

To ask the Chancellor of the Duchy of Lancaster what the total cost is of all private finance initiative projects for which his Office has responsibility completed since 1997; and what the projected cost is of such projects commissioned or under way. (148015)

The Cabinet Office has not completed any private finance initiative projects since 1997 and none are currently under way. The National School of Government has one private finance initiative contract in place in relation to its base at Sunningdale Park. Since that came into effect in May 2002 payments totalling £16.924 million have been made to the private sector partner. Future guaranteed payments in respect of the deal until 2017 total £22.650 million. These payments are conditional on the performance of the private sector contractor.