Private Finance Initiative

HC Deb 14 December 1995 vol 268 c774W

Mr. Betts

To ask the President of the Board of Trade if he will provide forecasts for the current year and next five years of expenditure on schemes provided under the PFI. [5732]

Mr. John M. Taylor

Although my Department has a number of PFI projects under consideration, none has been finally agreed and no revenue forecasts have been made.

Mr. Betts

To ask the President of the Board of Trade if he will provide a breakdown of administration costs incurred to date and forecast for the future on PFI work. [5731]

Mr. Taylor

The private finance initiative within the DTI is one of the responsibilities of the MINIS—management information system for Ministers—unit within the finance and resource management division of my Department. This unit is expected to cost £249,000 in 1995–96 and broadly similar amounts for future years.