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PRIVATE FINANCE INITIATIVE (HANSARD)

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Newham North-East Labour MP Stephen Timms asked the Chancellor of the Exchequer which of the projects in the list '...
Newham North-East Labour MP Stephen Timms asked the Chancellor of the Exchequer which of the projects in the list 'Agreed Private Finance Initiative Projects', issued by the private finance unit (PFU) on November 26 1996, were signed projects.(WA 17 Dec col 510).

Michael Jack, financial secretary to the treasury, named those projects which departments had advised the Treasury had been signed.

These included Dartford Bridge, the Second Severn Bridge, Skye Bridge, Heathrow Express, the Royal Armouries, Bridgend Prison, University Hospital Wales, Croydon Thameslink, A50, M1-A1, Waltham Forest Housing Action Trust, and Naval Recruitment and Training.

He said: 'The list of 26 November represents a snapshot of significant PFI projects that individual departments have drawn to the attention of the Treasury's PFU. It was designed to provide an indication of the main areas of PFI activity, and may not be fully comprehensive'.

He said that the list was available, to people expressing a general interest, from the Treasury PFU.
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