Estimated capital spending by the private sector (signed projects)

1.7  This is a summary table found in Annex A (Table 1 .A). It contains the total expected capital expenditure by the private sector on signed PFI contracts, broken down by department, for each of the next two financial years.

1.8  It should be noted that this refers to the expected capital expenditure by the private sector in each financial year, and not to the capital value of projects. The single year capital expenditure on a project is likely to be significantly less than the project's capital value because capital spending will typically be spread over a number of years.

1.9  This therefore provides an indication to the level of private sector investment being made in PFI projects in each of the next two financial years.