§ Mr. SpellarTo ask the Chancellor of the Exchequer how many projects are being considered for the private finance initiative; how many have been agreed; arid what is the estimated value of the contracts involved.
§ Sir George YoungSince the autumn statement of November 1992, notices for 29 projects of a value of greater than £5 million have been issued in theOfficial Journal of the European Communities. The estimated value of the capital investment under these contracts is £5 billion. Records are not held centrally for projects which are under consideration but are not yet in procurement or which are less than £5 million in value.