1.1 HM Treasury collects summary data on UK Private Finance Initiative (PFI) projects once a year in the spring. The information is provided by the Departments and Devolved Administrations that procured or sponsored1the projects, and is not audited by HM Treasury. The last data collection exercise was carried out between January and March 2011 and produced data for projects as at 16 March.
1.2 In addition, during the year, HM Treasury periodically collects updates on projects which have entered procurement or reached financial close.
1.3 The information currently published on the website is based on the data provided by Departments and the Devolved Administrations2 in response to the last data collection exercise, and then updated for those projects that have entered procurement or reached financial close between 1 6 March and 30 November.
1.4 HM Treasury publishes the following information:
• Signed projects list including ownership data - an Excel workbook containing information in relation to projects which had reached financial close by 30 November 2011.
• Projects in procurement - an Excel workbook containing information in relation to projects which had issued their OJEU3 notice by 30 November 2011.
• Estimated capital spending by the private sector (signed projects) - Departmental estimates of the total expected capital expenditure by the private sector under signed PFI contracts, by department, for each of the next two financial years, published at Table 1A at Annex A.
• Estimated capital value of projects expected to reach preferred bidder stage - Departmental estimates of the total capital value of projects in procurement which are expected to reach preferred bidder stage in each of the next two financial years, by Department, published at Table 1 B at Annex A.
• Estimated aggregated annual payments under PFI contracts - the total of unitary charges expected to be paid on all signed PFI contracts by financial year, published at Table 1 C at Annex A.
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1 Sponsor means projects that are part funded by Departments but delivered by other bodies such as Local Authorities or NHS Trusts.
2 The Scottish Government no longer uses PFI as a procurement method.
3 Official Journal of the European Union