Private Finance Initiative

Mr. Hoban
To ask the Chancellor of the Exchequer what research he has commissioned into the impact of the secondary private finance initiative market on the cost of PFI contracts.

John Healey
The Treasury has not commissioned specific research into the impact of secondary markets on the cost of PFI contracts. However, chapter seven of the Treasury publication ‘PFI: Strengthening Long Term Partnerships’ (published March 2006, www.hm-treasury.gov.uk/budget/budget.06/other-documents/bud-bud06-odpfi.cfm) sets out the Government's view on secondary equity markets in relation to PFI.