Figure 17

Top 10 largest private finance initiative (PFI) contracts by capital value ending in the next 10 years1

Project name

Capital value

(£m)2

Sponsor department

Procuring authority

Sector3

Estimated year of contract end

Airwave

1,470

Home Office

Home Office

Other

2022-23

Skynet 5

1,360

Ministry of Defence

Ministry of Defence

IT infrastructure and communications

2022-23

STEPS - Mapeley PLC

370

HM Revenue & Customs

HM Revenue & Customs

Offices

2020-21

DLR Lewisham

264

Department for Transport

Transport for London

Tram/light rail

2020-21

Attack Helicopters Training - Apache Simulator Training

234

Ministry of Defence

Ministry of Defence

Military facility

2023-24

Newcastle Estate Development4

218

HM Revenue & Customs

HM Revenue & Customs

Offices

2029-30

M1-A1 Lofthouse to Bramham Link

214

Department for Transport

Highways England

Roads and highway maintenance

2025-26

Herefordshire & Worcestershire Waste Management Service Contract

198

Department for Environment, Food & Rural Affairs

Herefordshire

Waste

2023-24

Ministry of Defence-wide Water and Wastewater (Project Aquatrine) - Package C

194

Ministry of Defence

Ministry of Defence

Other

2029-30

Strategic Sealift Service

175

Ministry of Defence

Ministry of Defence

Other

2024-25

Notes

1 PFI contracts up to 31 March 2030.

2 Figures are in nominal terms.

3 'Other' includes projects such as street lighting, rail, vehicles and emergency services.

4 Newcastle Estate Development is also known as the Newcastle Estates Partnership.

Source: National Audit Office analysis of HM Treasury's 2018 PFI database