§ Mr. BercowTo ask the Secretary of State for the Home Department (1) what estimate he has made of the total savings to public funds of the private finance initiative contract for Fazakerley (Altcourse) prison by comparison with a non-private finance initiative alternative; [49656]
(2) what estimate he has made of the total savings to public funds of the private finance initiative contract for Quantum for HM Prison Service by comparison with a non-private finance initiative alternative; [49655]
(3) what estimate he has made of the total savings to public funds of the private finance initiative contract for Lowdham Grange prison by comparison with a non-private finance initiative alternative; [49653]
(4) what estimate he has made of the total savings to public funds of the private finance initiative contract for prisons energy (Tranche 1) by comparison with a non-private finance initiative alternative; [49652]
(5) what estimate he has made of the total savings to public funds of the private finance initiative contract for (a) Marchington prison, (b) Onley prison, (c) Agecroft prison (Forest Bank) and (d) Pucklechurch prison by comparison with a non-private finance initiative alternative; [49648]
(6) what estimate he has made of the total savings to public funds of the private finance initiative contract for Bridgend (Parc) prison by comparison with a non-private finance initiative alternative. [49657]
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§ Beverley HughesPublic sector savings under the private finance initiative are calculated by comparing the net present value (NPV) of the project against a public sector comparator (PSC), as shown in the table.
The overall value of the Quantum contract, which took effect from July 2000, as estimated in the final business case, is approximately £200 million. However, this excludes the value of future business change developments. Against estimated internal prison costs, the estimated cost saving in cash terms is £190 million over the 12 year life of the contract. The net present value of this saving, discounted at 6 per cent. discount value, is £128 million.
£ million Contract Public sector comparator Net present value Savings Altcourse (Fazakerley) 248 247 1 Ashfield (Pucklechurch) 141 122 19 Dovegate (Marchington) 292 241 51 Forest Bank (Agecroft) 234.5 204.5 30 Lowdham Grange 157 127 30 Parc (Bridgend) 319 266 53 Rye Hill (Onley) 209 154 55 Heat Energy Services1 29 25 4 1 Tranche 1