§ Mr. BaconTo ask the Chancellor of the Exchequer, pursuant to his answer of 5 February 2002,Official Report, column 841W, on the Treasury Building PFI deal, what further operating costs there are for the Treasury Building under the Treasury PFI deal, other than those specified as hard services and soft services. [38031]
§ Ruth KellyNone.
§ Mr. BaconTo ask the Chancellor of the Exchequer using the Treasury's inflation assumptions for the Treasury Building PFI deal, what he estimates the total amount of cash paid by the Treasury to Exchequer Partnership will be for service costs over the lifetime of the Treasury Building PFI deal. [37866]
§ Ruth KellyAs I told the hon. Member on 5 February 2002,Official Report, column 844W, the total amount of cash paid over the operating period, using HMT's inflation assumptions, will be £838.154 million. This equates to £169.3 million in net present cost terms, discounted at 6 per cent. in real terms and assuming 2.5 per cent. inflation. On the same basis, the services element would amount to £212.48 million over the operating period. This equates to £50.864 million in net present cost terms, discounted at 6 per cent. in real terms and assuming 2.5 per cent inflation. However, as its name implies, there is a single unitary payment for the provision of serviced accommodation so there is no services payment by HMT to Exchequer Partnership.