§ Mr. BettsTo ask the Secretary of State for Social Security if he will provide revenue forecasts for the current year and the next five years of expenditure on schemes provided under the PFI. [5734]
§ Mr. Burt[holding answer 14 December 1995]: Revenue costs from public funds will not arise until 1997 when the first of our PFI systems has been developed and successfully delivered. Estimated revenue costs are subject to continuing negotiation and are commercial in confidence.
§ Mr. BettsTo ask the Secretary of State for Social Security if he will provide a breakdown of administration costs incurred to date and forecast for the future on PFI work. [5733]
§ Mr. Burt[holding answer 14 December 1995]: The administrative costs incurred in the DSS in 1994–95 on PFI work are estimated at around £2 million. The estimated costs for 1995–96 are £8 million. It is not possible to forecast, with confidence, future administrative costs associated with PFI work.
§ Mr. BettsTo ask the Secretary of State for Social Security 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. [5735]
§ Mr. Burt[holding answer 14 December 1995]: The information is not available in the format requested. It is a fundamental principle when considering schemes under the private finance initiative that what is assessed is the overall best value for money in providing a specified service, taking into account all aspects of design, building, finance and operation as a unified whole.