§ Mr. BercowTo ask the Secretary of State for the Home Department how many private finance initiative130W projects have been subject to refinancing after the contracts have been signed; and what has been the financial effect in each case. [50285]
§ Angela EagleThe following Private Finance Initiative projects have been subject to post contract refinancing;
Her Majesty's Prison Altcourse (Fazakerley) Prison Service Effect of refinancing;Prison Service subject to increase of liability to £1 million in the event of premature termination of contract.Year: 1999Her Majesty's Prison Parc (Bridgend) Prison Service;Refinancing subject to ongoing negotiation between contractor and Prison Service.Year: 1996Hassockfield Secure Training Centre Youth Justice Board (YJB);The contract allows for re-financing but, does not allow YJB to share in benefits of re-financing or obtain details of benefits that may accrue to the contractor.Year: 1999.