HC Deb 21 June 2004 vol 422 c1246W
Alan Simpson

To ask the Secretary of State for Transport what the(a) book value of the stakeholding, (b) onward sale price and (c) arrangements for sharing any windfall gain from subsequent refinancing arrangements are for each of the private finance initiative and public private partnership schemes his Department has entered into where there has been an onward sale of the private sector stakeholding into secondary market. [179065]

Mr. McNulty

The Department for Transport does not hold data on(a) book value of stakeholding or (b) onward sale price on PFI/PPP projects it sponsors. With respect to item (c), the Department is not aware of any circumstances in which the onward sale of an ownership stake would alter the sharing arrangements of refinancing gains. Such provisions have never been included in central guidance on the Standardisation of PFI Contracts (SoPC), or in the provisions of departmental PPP contracts.

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