§ Alan SimpsonTo ask the Secretary of State for Health if he will list 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 a secondary market; what the(a) book value of the stakeholding and (b) onward sale price were in each case; and how any windfall gains from subsequent refinancing arrangements are shared. [179004]
§ Mr. HuttonRecords are not held centrally for private finance and public private partnerships schemes where there has been an onward sale of the private sector equity stakeholding.
§ Alan SimpsonTo ask the Secretary of State for Health 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; and how much of the windfall gain has been repaid to the Government in each case. [179005]
§ Mr. HuttonI refer my hon. Friend to the reply given by the Chief Secretary to the Treasury, the right hon. Member for Brent, South (Mr. Boateng), on 31 March 2004,Official Report, column 1412W. This answer contains details of all refinanced private finance initiative projects up to 31 March 2004. Since then there has been one further NHS scheme as follows:
The gains are not repaid to the Government but directly to the trust.
Bromley hospital NHS trust
Original funding value (£. million) 118 Date refinanced 23 February 2004 Total refinancing gain (£ million) 42.3 Net refinancing share (percentage) 32 Refinancing share to Trust (£ million) 13.4