As noted during the PAC hearing, the Treasury is updating data on all PFI projects. This exercise is carried out by the Treasury biannually in line with publication of data in the Pre-Budget and Budget Reports. Data on accounting treatment, unitary charges and capital value for individual projects should, subject to departmental verification, become available by around March. The Treasury will provide the PAC with this information when it is available. Because of restrictions arising from commercial confidentiality, the information provided will be all that is available for publication. The table below provides a disaggregation of the capital value of projects, as well as the sum of unitary charges, by department based on the Treasury's most recent estimates.
- The capital value data is available publicly on the HMT PPP website: http://www.hm-treasury.gov.uk/documents/public_private_partnerships/ppp_pfi_stats.cfm
- The table on unitary charges provides the latest update on data published in the Budget Report and Pre-Budget Report on a yearly aggregate basis.
PFCI signed projects list, total capital value by Department | |
Department | Total Capital Value (£bn) |
DCLG | 1.4 |
DCMS | 0.23 |
DEFRA | 0.94 |
DfES | 4.57 |
DfT | 22.13 |
Health | 8.67 |
LCD | 0.37 |
Chancellor's Departments | 0.82 |
Home Office | 1.22 |
MoD | 5.99 |
Devolved Administrations | 6.22 |
Other Departments* | 1.96 |
Total | 54.55 |
* Other departments are CO, DTI, DWP, FCO.
Note, the PFI signed deals list records capital values not the debt amount likely to arise therefrom. For those projects judged to be on-balance sheet, the debt only scores when the asset completes construction. For example, London Underground Limited (LUL) is shown on the signed deals list to have a capital value of £17 billion, however this is only spent and comes onto the public sector's balance sheet over a 15 year period.