HC Deb 22 October 1992 vol 212 c350W
Mr. Vaz

To ask the Secretary of State for the Environment if he will list all funds paid to Tarmac Construction in connection with its takeover of the Property Services Agency; and if he will give a statement of how these sums were arrived at.

Mr. Redwood

No funds have been paid to Tarmac Construction as yet. The amounts to be paid over in connection with Tarmac's purchase of PSA Projects were determined by open competition and will depend on the numbers of staff choosing to transfer on sale with the business, the completion audit and thereafter on the numbers of any redundancies should there he insufficient work in the future to sustain employment levels as planned.

Back to
Forward to