Private Finance Initiative (Hansard, 13 January 1997)

§ Mr. Frank Field
To ask the Secretary of State for Social Security how much of the private finance initiative expenditure by his Department listed in table 5.5 of the "Financial Statement and Budget Report" has already occurred; and what are the future commitments implicit in this private finance initiative expenditure. [9288]

§ Mr. Burt
Table 5.5 of the "Financial Statement and Budget Report" gives the capital sums which the Department estimates will be spent by the private sector between 1997–98 and 1999–2000 as a consequence of any private finance initiative include any expenditure by the Department itself or any expenditure estimated already to have place.
Revenue commitments resulting from the PFI deals concluded by this Department are still subject to negotiation and are currently commercial-in-confidence.
149W

§ Mr. Field
To ask the Secretary of State for Social Security if he will provide a breakdown by project of the estimated capital spending on his Department's private finance initiative projects for each year given in table 5.5 of the "Financial Statement and Budget Report". [9291]

§ Mr. Burt
The information is not available as disaggregating the figures quoted in table 5.5 of the "Financial Statement and Budget Report" into individual, identifiable projects at this stage would harm the competitive position of a third party and prejudice the Department's position in on-going and future project negotiations.

§ Mr. Field
To ask the Secretary of State for Social Security what proportion of the expected future private finance initiative expenditure by his Department listed in table 5.5 of the "Financial Statement and Budget Report" is contracted for; and what proportion is estimated. [9292]

§ Mr. Burt
Of the capital sum which this Department estimates will be spent by the private sector between 1997–98 and 1999–2000 as a consequence of any private finance initiative deals it may make, broadly half has been contracted for already. All figures are estimated as the total level of private sector capital expenditure is not specified contractually.