Annex 1
ANALYSIS OF ANSWERS TO QUESTIONS FROM THE
RT HON ALAN WILLIAMS MP (SWANSEA, WEST) (LABOUR) ON PFI REFINANCING
ARRANGEMENTS
| Department | Number of PFI Contracts
| Aggregate capital value of PFI Contracts £m
| Number of PFI contracts which have been subject to refinancing
| PFI contracts with clawback entitlement to share in refinancing gains
|
| |
| |
| Number | Capital Value £m
|
| Agriculture, Fisheries and Food | 1
| —1 | None
| — | —
|
| Cabinet Office | —
| — | —
| — | —
|
| Defence | 30
| 1,550 | None
| 9 | 826
|
| DCMS | 1 |
10 | None
| — | —
|
| DETR | 212 |
6,6551 | None
| 2 | 4,3833
|
| Education and Employment | 3
| 126 | None
| — | —
|
| FCO | 3 |
158 | None
| — | —
|
| Home Office (including Prison Service) | 15
| 986 | 24
| —5 | —
|
| International Development | —
| — | —
| — | —
|
| Law Officers (Solicitor General) | —
| — | —
| — | —
|
| Lord Chancellor | 66
| 1835 | None
| 3 | 108
|
| NHS | 187 |
1,375 | None
| 98 | 599
|
| Northern Ireland | —
| — | —
| — | —
|
| Social Security | 1
| 350 | None
| 1 | 350
|
| Trade and Industry | 3
| 164 | None
| — | —
|
| Treasury | 1
| 118 | None
| 1 | 118
|
| Wales | 2 |
158 | None
| — | —
|
| Totals | 105
| 11,833 | 2
| 25 | 6,384
|
1 Contract includes no capital expenditure.
2 Includes seven contracts with a total capital value of £1,245 million which were not let by the department but which required the approval of DETR Ministers.
3 Includes Channel Tunnel Rail Link (capital value £4,178 million).
4 The refinancings were in respect of the PFI contracts for the Fazakerley prison (capital value £88 million) and the Hassockfield Secure Training Centre (capital value £10 million).
5 Although there was no contractual clawback arrangement on the Fazakerley prison PFI contract, the Prison Service secured a negotiated share of £1 million of the refinancing benefits.
6 Includes two contracts for magistrates' courts with a capital value of £43 million let by local authorities with the support of the department.
7 Based on NHS central records of PFI projects with a capital value of at least £25 million.
8 A further four contracts do not have clawback arrangements but have been financed by bond issues where the NHS considers a refinancing is unlikely.
National Audit Office
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