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Debt: Public Projects

Volume 708: debated on Wednesday 4 March 2009


Asked by

To ask Her Majesty's Government what is the approximate net present value of the debt incurred in respect of public projects paid for by public- private partnership mechanisms and their predecessors. [HL1644]

The full list of all signed private finance initiative (PFI) projects can be found on HM Treasury's website at For each PFI project, this list details the project name, the capital value, the constituency, the procuring authority and the annual unitary charge that needs to be paid over the life of the contract.

HM Treasury uses departmental returns as the basis for its statistics on PFI projects published at each Pre-Budget and Budget Report. These are in turn based on HM Treasury's Green Book, which can be found on the Treasury's website at and which sets out guidance for the calculation of net present value. HM Treasury does not hold records for all public projects paid for by other public-private partnership mechanisms and their predecessors; these are the responsibility of the relevant procuring authority.