§ Mr. Gordon PrenticeTo ask the Secretary of State for Culture, Media and Sport, pursuant to his answer of 1 March 1999,Official Report, column 535, what is the size of the annual premium paid to insure the Millennium Dome. [74731]
§ Janet AndersonThe New Millennium Experience Company's (NMEC) insurance arrangements reflect the Company's best commercial judgment about the scope and nature of the project's risks and exposures, as well as meeting all relevant legal obligations. The arrangements do not involve payment of annual premiums but do involve a spread of premium payments across the life of the project taking into account the changing nature of type 387W of cover needed as the project progresses. The detailed terms of the Company's insurance policy are commercially confidential; release of the details could adversely affect the Company's business relationship with its insurers, and future negotiations about the terms of the insurance.