§ Matthew TaylorTo ask the Chancellor of the Exchequer when he will publish the full results of the retrospective application of the revised Treasury technical note, How to Account for PFI Transactions; and if he will make a statement. [74125]
§ Mr. BoatengThe results to date of the retrospective application of the revised Treasury Taskforce Technical Note are set out in the table below. The table shows, for all PFI contracts that were operational by the end of the 2001–02 financial year, the accounting treatment that has been adopted.
773W774W775W
Department/Project Capital Value £million Start of operation Accounting Treatment M1/A1 Link DBFO Road 214 1996 On A13 DBFO Road (Transferred to GLA) 146 2000 Off Birmingham Northern Relief Road 485 1992 Off LUL Northern Line Trains 409 1995 Off LT Prestige (transferred to TfL) 137 1998 Off QEIICC—Catering 3 1997 Off DoH Queen Elizabeth Hospital—Woolwich 118 2001 Off North East London Mental Health NHST—Reprovision and Geriatric Day Centre 11 2002 Off Dartford & Gravesham NHST 94 2000 Off South Buckinghamshire NHST 45 2000 On West Sussex Health & Social Care NHST 22 2000 Off Norfolk & Norwich University Hospital NHST 158 2001 Off Queen's Medical Centre, Nottingham University Hospital 17 2000 Off North Staffordshire Combined NHST 19 2001 Off Calderdale Healthcare NHST—redevelopment of services 65 2001 Off North Durham Healthcare NHST 61 2001 Off DTI ELGAR—IT service provision 30 1999 Off Re-build of NPL 82 2000 Off DWP ITSA 1 2000 Off Newpay 6 1999 Off IT Partnership Project 116 1998 Off Home Office Parc Prison 47 1999 On Altcourse Prison 68 1999 On Lowdham Grange 25 1998 On Ashfield (Pucklehurst) Prison 26 1999 On Forest Bank Prison 45 2000 On Rye Hill Prison 37 2001 On Dovegate Prison 64 2001 On Inland Revenue IR Manchester 32 1998 Off IR Glasgow 10 1998 Off IR Edinburgh 10 1998 Off IR St. John's House Bootle 12 2000 Off Newcastle Estates Development 163.8 1999 Off Steps (joint IR with C&E) 220 (IR 157 and C&E 63) 2001 Off LCD Court Service—Probate Records 11 1999 Off Centre Contract LCD HQ—Libra 68 2001 Off LCD—Aramis 40 1998 Off Court Service—LOCCS 20 1996 On MOD Attack Helicopter Training Service 165 2002 Off Defence Helicopter Flying School 74 1998 On Medium Support Helicopter Aircrew 114 1999 Off Training Facility Joint Services Command and Staff College 93 2001 Married quarters Off. Main student/residential facilities On Training, Administration & Financial Management Information System 41 1998 Off Electronic Messaging Services 17 1998 Off Material Handling Equipment 8 1997 Off Tornado GR4 Simulator 62 2002 Off RAF Cosford/RAF Shawbury Family Quarters 15 2001 Off Central Scotland Family Quarters 25 2001 Off National Assembly for Wales A55 Llandegai to National Savings 112 1998 Off PPP for Operational Services 37 2000 Off Scottish Executive Skye Bridge 24 1997 Off M6 DBFO 103 1999 Off
§ Lynne JonesTo ask the Chancellor of the Exchequer if he will estimate by how much public borrowing as a percentage of GDP would have to be raised to cover the capital expenditure of all current and past projects financed through PFI/PPP. [76012]
§ Mr. BoatengIt is estimated that, by the end of this year, the value of PFI/PPP contracts signed will increase private sector capital expenditure on public services to over £25 billion. Revised estimates are published annually in the Budget and updated during the financial year under arrangements agreed with the National Audit Office.
It is not possible to calculate accurately the increased level of public debt that would be created if these projects were funded instead by the public sector. That would depend on the way in which the project was taken forward. Since the abolition of universal testing, public authorities choose the method of procurement which is best suited to individual projects.