HC Deb 22 July 2004 vol 424 c606W
Alan Simpson

To ask the Secretary of State for the Home Department if he will list the private finance initiative and public private partnership schemes his Department has entered into that have been subject to refinancing deals, indicating in each case how much of the windfall gain has been repaid to the Government. [179063]

Fiona Mactaggart

Her Majesty's Prison Altcourse was refinanced in 1999. HM Prison Service received payment of £1 million representing 9.3 per cent. share of the total refinancing gains and 20 per cent. of the amount requiring the Prison Service's consent under the contract.

Her Majesty's Prison Pare was refinanced in 2001. Her Majesty's Prison Service did not have a contractual right to share in the refinancing benefit and did not receive any share in this benefit.

Alan Simpson

To ask the Secretary of State for the Home Department what the(a) book value of the stakeholding, (b) onward sale price and (c) arrangements for sharing any windfall gain from subsequent refinancing arrangements are for each of the private finance initiative and public private partnership schemes his Department has entered into where there has been an onward sale of the private sector stakeholding into secondary market. [179066]

Fiona Mactaggart

From the best information available, there have been no instances where there has been an onward sale of the private sector stakeholding into a secondary market.