Private Finance Initiative (Hospitals)

HC Deb 01 February 2000 vol 343 cc566-7W

Mr. Dobbin

To ask the Secretary of State for Health if he will list those hospitals planned to be built under the private finance initiative indicating how many projects have been completed. [107434]

Mr. Denham

A list of all 31 major private finance initiative schemes is in the table. It shows schemes that have reached financial close and work has started on site, and schemes that have been given the go-ahead and are working towards financial close. The first three major acute PFI schemes, at Carlisle, Dartford and Gravesham and South Buckinghamshire will become operational in 2000.

Major capital schemes—approved since May 1997
£ million
PFI schemes	NHSRO	Approximate capital
Publicly funded schemes:
Publicly funded schemes with work started on site
Rochdale Health Care NHS trust	NW	24
Royal Berkshire and Battle Hospital NHS Trust	SE	74
Central Sheffield University Hospitals NHS Trust	Trent	24
Guys and St. Thomas' NHS Trust	Lond	50
Total		172
Publicly funded schemes approved but not started on site
Royal Hull Hospitals NHS Trust	N&Y	20
Gloucestershire Royal NHS Trust	SW	25
Total		45
Total Publicly Funded		217
Total major capital investment given go ahead		3,607
1 For schemes still in early stages of development, estimates are based on highest costed option
2 Figures may not sum due to rounding

Note:

The capital values of PFI schemes are approximate and defined as:

Total Capital Cost to the Private Sector includes the costs of land, construction, equipment and professional fees but excludes VAT, rolled up interest and financing costs such as bank arrangement fees, bank due diligence fees, banks' lawyers fees and third party equity costs. As PFI procures a service rather than the underlying asset, capital values shown are necessarily estimates.

Summary:

All schemes Since 1 May 1997, 37 major hospital developments, worth over £3.1 billion have been given the go ahead.

PFI schemes 31 major hospital developments worth over £2.9 billion have been given approval to proceed under the Private Finance Initiative since 1 May 1997, 16 of which, worth almost £1.3 billion have already signed final contracts and begun building. Of these 16, three are scheduled to become operational in 2000.

Publicly funded schemes The go ahead has also been given to six publicly funded schemes worth almost £220 million, with work on site already started at four of these.