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Departmental Private Finance Initiative

Volume 488: debated on Monday 2 March 2009

To ask the Secretary of State for Health what private finance initiative projects his Department has entered into since 1997; what the total value of each contract was; who the successful contractor was; which projects have been subject to refinancing arrangements; what the monetary value of the refinancing arrangement was in each such case; and what the extent of the clawback has been. (259550)

Information on the capital value and estimated revenue payments for the lifetime of each private finance contract as well as the primary contractors (equity stakeholders in the project companies) involved has been placed in the Library.

Private finance initiative schemes which have been the subject of a refinancing agreement together with details of the value and the extent of the clawback to the NHS trust in each case are shown in the following table.

Scheme

Date refinanced

Total refinancing gain (net present values £ million)

Trust’s share of refinancing share (percentage)

Trust’s share of refinancing gain (net present values £ million)

Calderdale and Huddersfield NHS Foundation Trust

May 2002

12.0

30

3.6

Dartford and Gravesham Hospitals NHS trust

March 2003

33.4

35

11.7

Norfolk and Norwich University Hospitals NHS Foundation Trust

December 2003

115.5

34

29.3

Bromley Hospitals NHS Trust

February 2004

45.3

31.3

14.2

Swindon and Marlborough NHS Trust

September 2006

42.2

43

18.3