§ Mr. Tom ClarkeTo ask the President of the Board of Trade if he will list all payments by the Export Credits Guarantee Department in relation to the Pergau project, giving the dates on which they were made and the amounts of the payments in each case; and if he will give similar information for the planned schedule of future disbursements.
§ Mr. NeedhamPayments made by ECGD in relation to the Pergau project have been entirely related to the cost of providing interest rate support. Up to 20 December 1993 such costs amounted to £29.202 million of which the ODA ATP budget contributed £24.367 million.
Contributions are received from ODA in June and December in each year and, for ease of comparison, ECGD's costs, whether paid or accrued, have been reported to 20 December in the relevant financial year.
Future interest support costs will be affected by the rate at which the balance of the loan is drawn down and, to a limited extent, by the future course of interest rates. The table shows the estimated cost by financial year, including the contribution made from ODA ATP funds.
£ millions Amounts paid or to be paid Financial year By ECGD of which contributed by ODA Amounts Paid 1991–92 2.235 1.882 1992–93 9.294 7.835 1993–94 17.673 14.650 Estimated Payments 1994–95 27.080 25.310 1995–96 31.284 26.940 1996–97 31.384 26.950 1997–98 30.406 26.980 1998–99 26.729 22.926 1999–2000 23.042 19.749 2000–01 19.411 16.538 2001–02 15.668 13.396 2002–03 9.833 10.218 2003–04 6.871 7.039 2004–05 3.726 3.880 2005–06 0.674 0.740 Total 255.310 225.033