§ Mr. BettsTo ask the Secretary of State for Wales by how much Government spending has changed in 1994–95 as a result of the private finance initiative; what is the760W 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. [30827]
§ Mr. David Hunt[holding answer 28 June 1995]: The Department's spending was not changed in 1994–95 as a result of approvals of private finance initiative—PHI—schemes costing over £1 million. Information on schemes costing less than £1 million is not collected centrally. For 1995–96, spending on the PFI is expected to be £250,000. Information on the number of public and private sector jobs affected by the PFI is not available.
§ Mr. BettsTo ask the Secretary of State for Wales 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) six months and (b) 12 months; and what was the average length of time taken to assess schemes so far approved. [30826]
§ Mr. Hunt[holding answer 28 June 1995]: No schemes costing over £1 million were approved in 1994–95. Information on schemes costing less than £1 million is not collected. Under the latest plans in 1995–96, up to five schemes with a total capital cost of around £80 million are likely to be approved. Twenty-six potential schemes with a total capital cost of more than £700 million are being considered. Of these, nine have been in the assessment process for more than six months and 17 have been in the assessment process for more than 12 months.