Private Finance Initiative

HC Deb 28 November 1996 vol 286 c388W

19. Sir Roger Moate

To ask the Chancellor of the Exchequer if he will make a statement on the progress of the private finance initiative.[4875]

Mr. Jack

The PFI is going from strength to strength. As of last month, £7,000 million of agreed PFI deals have been done, with deals in almost every area of the public sector. The Treasury has forged an alliance with the Confederation of British Industry to speed up the PFI deal flow and we are working with the private sector to train practitioners on the front line, including over 2,500 officials already trained or booked on the "PFI in Practice" course. And at last month's private finance panel annual conference, we launched four new guidances, including the first set of standard terms and conditions for PFI contracts.