Private Finance Initiative

HC Deb 20 November 1996 vol 285 cc555-6W

Mr. Timms

To ask the Secretary of State for Education and Employment what information is collected centrally on(a) the long-term revenue commitments and (b) any other commitments arising as a result of private finance initiative projects agreed by (i) her Department and (ii) agencies accountable to her Department. [5086]

Mr. Robin Squire

The Government response to the Treasury Committee report on the private finance initiative agreed the importance of collecting and monitoring information on future spending commitments arising from contracts under the PFI. Such information is now being collected. The response stated that aggregated projections of the level of expenditure that is expected to arise from signed contracts under the initiative would be published in the 1997–98 "Financial Statement and Budget Report."