§ Lord Brougham and Vauxasked Her Majesty's Government:
What decision they have taken about the future of PSA Services.
§ Baroness BlatchWe remain committed to transferring the activities currently carried out by the PSA Services (PSAS) businesses to the private sector. Following consideration of the reports from my department's advisers, Coopers & Lybrand Deloitte, we gave reached the following conclusions on the options for the different PSAS businesses.
PSA International (PSAI) is not saleable as a separate organisation. We will therefore consult its 78WA clients, in particular the Ministry of Defence, about how best to phase out their reliance on PSAI and to complete the work currently under way.
Building Management is being reorganised into five regional businesses. We plan to appoint a contractor manager to carry through the restructuring and preparations necessary to make the businesses ready for sale. Providing satisfactory progress is made and subject to market sentiment, we aim to offer the regional businesses for sale towards the end of next year.
Again subject to progress amd market sentiment, we propose to offer PSA Projects for sale early next year. The necessary financial information is being drawn together to determine the best form of sale or sales.