Private Finance Initiative
(asked on 13th October 2014) - View Source
Question
To ask the Secretary of State for Business, Innovation and Skills, what the total private finance initiative liabilities of his Department are for the next 20 years; and if he will make a statement.
This question was answered on 20th October 2014
The Departmental Group is involved in two private finance initiatives; an IT infrastructure initiative managed by the Insolvency Service, and a Research Ship managed by the Natural Environment Research Council. The table below sets out the annual unitary payments for the next 20 years as at 31 March 2014.
Project | 2014-15 £m | 2015-16 £m | 2016-17 £m | 2017-18 £m | 2018-19 £m | 2019-20 £m | Total £m |
Research Ship | 2.2 | 1.6 | 1.6 | 1.6 | 1.6 | 0.6 | 9.2 |
IT Infrastructure | 2.4 | 2.3 | 2.2 | 2.0 | 2.0 | 0.2 | 11.1 |
Total | 4.6 | 3.9 | 3.8 | 3.6 | 3.6 | 0.8 | 20.3
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