§ Mr. BettsTo ask the Secretary of State for the Home Department if he will provide a breakdown of administration costs incurred to date and forecast for the future on PFI work.[5745]
§ Mr. Howard[holding answer 14 December 1995]: The direct cost of staffing and professional advice for administration of the private finance initiative policy generally is estimated at £230,000 per annum.
Administration costs are also incurred on development of every capital project, whether financed directly or through PFI. These costs are not recorded separately.
§ Mr. BettsTo ask the Secretary of State for the Home Department if he will provide revenue forecasts for the current year and the next five years of expenditure on schemes provided under the PFI. [5746]
§ Mr. Howard[holding answer 14 December 1995]: I refer the hon. Member to my answer of 7 December, column 356.
§ Mr. BettsTo ask the Secretary of State for the Home Department if he will provide for schemes so far agreed under the PFI the level of financing costs above the current cost of Government borrowing for the scheme with(a) the highest financing costs and (b) the lowest costs. [5739]
§ Mr. Howard[holding answer 14 December 1995]: The information is not available in the form requested. It is a fundamental principle when considering schemes under the private finance initiative that what is assessed is the best value for money in providing a specified service, taking into account all aspects of design, building, finance and operation as a unified whole.