HC Deb 28 June 1995 vol 262 cc672-3W
Mr. Betts

To ask the Secretary of State for Transport how many schemes and to what value have been approved in 1994–95 under the private finance initiative; what are the estimates for the current financial year; how many schemes are currently being considered, and at what value; for how long have they been considered, and how many have been in the assessment process for over(a) 6 months and (b) 12 months; and what was the average length of time taken to assess schemes so far approved. [30822]

Mr. Norris

The information is as follows:

Schemes approved 1994–95
Schemes Value £million
Northern Line trains 400

Expected to be approved 1995–96
Schemes Estimated value (£ million)
Channel Tunnel Rail Link 2,700 (Q4 1992 prices)
DBFOs 500
Croydon Tramlink 160
Midland Metro Line 1 150

Schemes under consideration
Schemes Estimated value (£ million)
Crossrail 2,800
Thameslink 2000 Under assessment
East London Line extension 83
WCML signaling 50
Leeds Supertram 95
LT global revenue strategy 75
LUL power supplies 120
LUL track repair maintenance machine 0.5
Manchester Metrolink extension to Salford Quays 100
New Scottish ATC Centre 200
Oceanic Flight Data Processing System 25

The wide diversity of scheme types and their expected procurement routes mean that figures for the length of time they have been under consideration could not be provided on a consistent basis. However, the average length of time taken to progress schemes so far approved from invitation to tender to award of contract was 16 months.

Mr. Betts

To ask the Secretary of State for Transport by how much has Government spending changed in 1994–95 as a result of the private finance initiative; what is the estimated effect in 1994–95 as a result of the private finance initiative; what is the estimated effect in 1995–96; how many jobs are to be created by schemes approved to date under the initiative and how many have been lost as a consequence in the public sector; and what is the forecast of transfer of employment from public to private sector over the last five years because of the initiative. [30823]

Mr. Norris

There is no direct correlation between Government spending in a given year and the level of private capital levered in through the private finance initiative. Information on the employment consequences of private finance schemes is not available.

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