§ Mr. BettsTo ask the Secretary of State for Northern Ireland if he will provide a breakdown of administration costs incurred to date and forecast for the future on PFI work. [5749]
§ Sir John Wheeler[holding answer 14 December 1995]: The Department of Finance currently employs an adviser to promote the private finance initiative across all Northern Ireland departments and the Northern Ireland Office at a cost of some £60,000 per annum. The Department of the Environment also incurs some £120,000 per annum on units dedicated to work on the initiative.
The administration costs incurred in relation to other work on the PFI are part of the normal work of Departments and are not separately identified.
§ Mr. BettsTo ask the Secretary of State for Northern Ireland if he will provide revenue forecasts for the current year and the next five years of expenditure on schemes provided under the PFI. [5750]
§ Sir John Wheeler[holding answer 14 December 1995]: No schemes under the private finance initiative, announced by the Chancellor of the Exchequer in November 1992, have been approved to date. A range of projects across all Northern Ireland Departments and the Northern Ireland Office are under consideration. It is too early, however, to estimate what the revenue costs are likely to be.