HL Deb 11 October 1999 vol 605 cc32-3WA
Lord Clement-Jones

asked Her Majesty's Government:

What have been the outcomes of a public sector financing comparator for each private finance initiative hospital scheme authorised to date, showing in particular in each case—

(a) the difference in cost of capital over 30 years and 60 years;

(b) the percentage discount used to arrive at net present values;

(c) the risk adjustment made to reflect the risk transfer;

(d) the actual quantified elements comprising that risk transfer under the contracts entered into by the relevant private contractor;

(e) the staffing requirements compared to the hospitals they replace;

(f) the assumed patient throughput; and

(g) whether any of the schemes assume retention of the proceeds of asset sales by the private contractor. [HL3938]

Lord Hunt of Kings Heath

The information requested is contained in the final business cases for private finance initiative (PFI) schemes which National Health Service trusts are required to make publicly available following their approval. The business cases for approved PFI schemes with a capital value of £10 million or greater are available in the Library. Business cases for approved PFI schemes with a capital value below £10 million will be made available to the Library on request to the NHS trust concerned.