HC Deb 07 May 2002 vol 385 cc129-30W
Mr. Bercow

To ask the Secretary of State for the Home Department how many private finance initiative projects have been subject to refinancing after the contracts have been signed; and what has been the financial effect in each case. [50285]

Angela Eagle

The 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: 1999 Her Majesty's Prison Parc (Bridgend) Prison Service; Refinancing subject to ongoing negotiation between contractor and Prison Service. Year: 1996 Hassockfield 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.

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