§ Mr. MorganTo ask the Chancellor of the Exchequer what is the capital cost threshold for a private finance initiative scheme at which his Department becomes involved. [13970]
§ Mr. Jack[holding answer 6 February 1996]: It is Government policy that the Treasury will not approve any capital projects unless private finance options have been explored, though not necessarily tested in the market place. The level of delegated authority below which Treasury approval is not required is a matter for each Department. There is no set threshold.