§ Mr. Clifton-BrownTo ask the Secretary of State for Transport, Local Government and the Regions, pursuant to his answer of 25 February 2002,Official Report, column 806W, on NATS, if he will break down the costs of setting up the NATS PPP into the main heads of expenditure; what sums were paid to advisers; and who they were. [40618]
§ Mr. JamiesonThe Government's principal advisers on the NATS PPP were Credit Suisse First Boston, Slaughter and May and Deloitte and Touche. Insignia Richard Ellis, Ove Arup and Real Time Engineering also provided specialist advice. A total of £18.2 million has been paid in fees to these companies.
Total payments of £8.4 million and £23 million have been made to the CAA and NATS respectively, representing costs necessarily incurred by those organisations in preparing for the PPP. Other more minor items of expenditure account for the remaining £2.6 million.
§ Mr. Clifton-BrownTo ask the Secretary of State for Transport, Local Government and the Regions, pursuant to his answer of 25 February 2002,Official Report, column 806W, in relation to the staff share allocation scheme in relation to the NATS PPP, how the valuation of shares will be calculated; by whom; what arrangements will be made for valuing shares of staff who leave; and by how much the shares have changed in value since they were allocated on 21 September 2001. [40619]
§ Mr. JamiesonThese are matters for NATS and NATS Employee Share Trust Ltd.
§ Mr. Clifton-BrownTo ask the Secretary of State for Transport, Local Government and the Regions in relation to the NATS PPP, what pension arrangements were made for(a) those employees formerly employed by the CAA and (b) new employees of the NATS PPP. [40606]
§ Mr. JamiesonNATS employees formerly employed by the CAA retain the right to remain in the Civil Aviation Authority Pension Scheme (CAAPS). The pension arrangements of persons employed by NATS Ltd subsequent to the establishment of the PPP are a matter for that company.