Using a 6%
discount rate
PFI deal
(£ million)

Using a 3.5%
discount rate
PFI deal
(£ million)

Project costs Less Tax
Equity(1)
Debt
Cash
Total financing costs relative to
3.5% discount rate

734
-30
32 
-9
19

67
78
15

897
-53



160

Total Discounted Unitary Charge

746

1,004