Private Finance Initiative

HC Deb 19 June 1998 vol 314 c337W

Mr. Baldry

To ask the Secretary of State for Health how many PFI projects his Department has entered into in the last year; and what is their combined value. [45468]

Mr. Milburn

Five major Private Finance Initiative (PFI) schemes with a combined capital value of over £400 million have reached financial close since 1 May 1997. These form part of the biggest new hospital building programme the National Health Service has ever seen, with a total of 30 major hospital developments given the go ahead. Twenty five of these, worth almost £2.2 billion, will be delivered through the PFI scheme and are expected to reach financial close by the end of 2000–2001.

Details of individual schemes with a capital cost of less than £10 million are not held centrally.