| Date | Project and companies | Buy-out of contract | Buyout cost £m | Capital cost of project £m |
| Terminated PFI projects | ||||
| 1998-2004 | National Physical Laboratory | Terminated in 2004 after long construction delays and failure to meet specification. "Original private sector design of the new buildings was deficient" (NAO). John Laing plc lost £67m, subcontractors £12m, banks lost £18m and Laing's and Serco £4m in dividends. DTI invested £122m (including termination compensation, procurement costs, upfront payments and unitary payments) and left with £85m assets. Private sector failed to meet high quality specification required for the laboratory. http://www.nao.org.uk/publications/0506/the_termination_of_the_pfi_con.aspx | n/a | 89.0 |
| 1999-2000 | Energy Centre, Mayday University Hospital Trust, Croydon | Did not perform as required and terminated in 2000. Trust retendered and modifications and new control system in 2003 cost £0.3m. http://www.publications.parliament.uk/pa/cm200506/cmselect/cmpubacc/694/5111614.htm | n/a | n/a |
| 2000- | Ministry of Defence, Defence Animal Centre | Defence Animal Centre (Realm Services (DAC) Ltd - early termination of contract - £2.7m loss in 2009 accounts (Parkwood Holdings AR 2009 p2 and 61) | n/a | 11.0 |
| 2003-2007 | Transport for London, Metronet, Sub Surface Lines (SSL) - District, Circle, Metropolitan, East London & Hammersmith & City | Metronet had two 30 year PPP contracts for maintenance and renewal of the Bakerloo, Central, Victoria and Waterloo & City TUBE Lines and another for the "sub-surface lines": the Circle, District, Hammersmith & City, Metropolitan and East London Lines. PPPs had £992m overspend by July 2007, projected to be £1.8bn by 2010. Transport for London took over work. Shareholders lost £350m equity (NAO, 2012). Loss to public sector was £170m-£410m (Public Accounts Committee, March, 2010 http://www.publications.parliament.uk/pa/cm200910/cmselect/cmpubacc/390/390.pdf | n/a | 6,687.0 |
| 1996 - 1999 | Royal Armouries Museum, Leeds | Achieved only a third of 1.3m visitors forecast and plummeted to fewer than 200,000 within 2 years. Consortia refinanced deal twice but cumulative losses soared to £10m in 1999 and the Bank of Scotland refused further lending, forcing renegotiation of contract, ceased to be a PPP. Returned to public sector. (http://www.nao.org.uk/publications/0001/royal_armouries_museum_in_leed.aspx) | n/a | 43.0 |
| 2012 | Transport for London | London Underground Power Supply PFI contract terminated at half-way break clause to make "significant savings" and "avoiding expensive financing costs" (TfL press release 16 August 2012). Termination payments will be made to shareholders. 30-year contract signed 13 August 1998. | n/a | 133.0 |
| 2001-2008 | Cornwall Grouped Schools 1 Mowlem and WS Atkins (New Schools Cornwall) | 25-year PFI contract signed 2001 to refurbish and maintain 28 schools. Council had to step in to carry out £10m essential remedial repairs following years of teacher complaints. Shareholders (Innisfree 100% from March 2004) lost £4.8m on termination of contract in 2008 (NAO, 2012). | n/a | 36.0 |
| 1998-2010 | Transport for London Oyster Card | 17-year contract but Transport for London used break clause to cancel following two major technical failures in 2008. New contract agreed in November 2008 to run from 2010-13 for two of the original consortium shareholders to run the system with TfL gaining ownership of Oyster brand. | n/a | 100.0 |
| 2000-2003 | Croydon Tramlink | Contract signed November 1996. Financial losses of £18.3m between 2000-03. | n/a | 205.0 |
| 2002-2005 | Crymlyn Burrows waste treatment plant, Swansea, Wales. | Terminated by Neath Port Talbot Council in 2005 because it was incapable of handling the daily tonnage of contracted waste. Since operated by local authority. Long legal dispute over the right to the assets - bank wanted open market sale but Council gained High Court approval to purchase and operate the assets http://www.letsrecycle.com/do/ecco.py/view_item?listid=37&listcatid=234&listitemid=7881 | n/a | 40.0 |