§ Mr. TyrieTo ask the Chancellor of the Exchequer how much capital spending by the private sector there has been or is projected on Private Finance Initiative or associated schemes, using the same departmental analysis as Table C18 of the Budget Report 2003, in each year from 1997–98 to 2005–06, separately distinguishing expenditure on assets that have been or will be accounted for(a) on-balance sheet and (b) off-balance sheet to the public sector client. [156159]
597W
§ Mr. BoatengThe value of capital spending by the private sector under signed PFI schemes, listed by Department and by year, is available from the PFI signed projects list on the HM Treasury website. A total of 563 PFI transactions reached financial close by 4 April 2003, with a total capital value of £35.5 billion. The estimated capital value of signed PFI contracts where capital assets are accounted for on departmental balance sheets is £20.2 billion. This represents 57 per cent, of the total estimated capital value.
Projections of capital spending under signed projects and projects at preferred bidder to 2005–06 are published in Tables C18 and C19 of the Financial Statement and Budget Report 2003.
PFI contracts where the assets concerned are on departmental balance sheets are reported in departmental accounts, together with disclosure of information relating to any contracts assessed as off balance sheet.