§ Mr. BettsTo ask the Secretary of State for Transport how many schemes and to what value have been approved in 1994–95 under the private finance initiative; what are the estimates for the current financial year; how many schemes are currently being considered, and at what value; for how long have they been considered, and how many have been in the assessment process for over(a) 6 months and (b) 12 months; and what was the average length of time taken to assess schemes so far approved. [30822]
§ Mr. NorrisThe information is as follows:
673W
Schemes approved 1994–95 Schemes Value £million Northern Line trains 400
Expected to be approved 1995–96 Schemes Estimated value (£ million) Channel Tunnel Rail Link 2,700 (Q4 1992 prices) DBFOs 500 Croydon Tramlink 160 Midland Metro Line 1 150
Schemes under consideration Schemes Estimated value (£ million) Crossrail 2,800 Thameslink 2000 Under assessment East London Line extension 83 WCML signaling 50 Leeds Supertram 95 LT global revenue strategy 75 LUL power supplies 120 LUL track repair maintenance machine 0.5 Manchester Metrolink extension to Salford Quays 100 New Scottish ATC Centre 200 Oceanic Flight Data Processing System 25 The wide diversity of scheme types and their expected procurement routes mean that figures for the length of time they have been under consideration could not be provided on a consistent basis. However, the average length of time taken to progress schemes so far approved from invitation to tender to award of contract was 16 months.
§ Mr. BettsTo ask the Secretary of State for Transport by how much has Government spending changed in 1994–95 as a result of the private finance initiative; what is the estimated effect in 1994–95 as a result of the private finance initiative; what is the estimated effect in 1995–96; how many jobs are to be created by schemes approved to date under the initiative and how many have been lost as a consequence in the public sector; and what is the forecast of transfer of employment from public to private sector over the last five years because of the initiative. [30823]
§ Mr. NorrisThere is no direct correlation between Government spending in a given year and the level of private capital levered in through the private finance initiative. Information on the employment consequences of private finance schemes is not available.