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Departments: Private Finance Initiative

Volume 462: debated on Wednesday 11 July 2007

To ask the Secretary of State for the Home Department 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. (148029)

The cost of completed projects is £129.80 million. The cost of projects under way is projected to be £2,058.24 million including costs associated with the Home Office’s headquarters building where the construction phase of the project was completed in 2005.

These figures are the sum of the unitary charge payments made over the course of the projects, where any future payments are projections conditional on the performance of the private sector contractor involved.

The payments cover more than just the repayment of the capital value of the projects and include costs of service provision, capital repayments and inflation.

Further details of the individual PFI projects can be found at: