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Departments: Private Finance Initiative

Volume 463: debated on Thursday 19 July 2007

To ask the Secretary of State for Justice what the total cost is of all private finance initiative projects for which his Department has responsibility completed since 1997; and what the projected cost is of such projects commissioned or under way. (148030)

The total cost of all private finance initiative projects for which my Department has responsibility that have been completed since 1997 is in excess of £8.0 billion and can be found on the list of signed PFI deals, available on HM Treasury's website at:

http://www.hm-treasury.gov.uk/documents/public_private_partnerships/ppp_pfi_stats.cfm.

The list contains by project the annual unitary charge payments, which are projections and are conditional on the performance of the private sector contractor. Unitary charge payments are not simply repayments for the capital value of the project and will frequently include inflation, provision of services and major refurbishment.

All of the projects on the list that are overseen by the Ministry of Justice are fully operational except Avon and Somerset magistrates court, where the final site at Bristol is expected to be completed in 2007-08.