HC Deb 02 December 1996 vol 286 c542W
Mr. Morgan

To ask the Secretary of State for Wales if he will list the principal components of the £70 million estimated capital cost of PEI contracts sponsored by his Department given in the Red Book; and what is (i) the length of each contract, (ii) the break clause timings where applicable and (iii) the end of contract ownership arrangements agreed for the principal schemes. [7144]

Mr. Hague

The figures in table 5.5 of the "Financial Statement and Budget Report" show estimated capital spending by the private sector under the PFI. The £70 million estimated for 1997–98 includes one contract that has already been signed, for the OSIRIS IT project. This seven-year contract was signed in June 1996. Further information, including break clause and end-of-contract arrangements, is provided in a case study of the project published by the central IT unit and the Central Computer and Telecommunications Agency. I have arranged for a copy to be placed in the Library of the House.

The remainder of the £70 million is made up of projects for which contracts have not yet been signed.