Barking, Havering and Redbridge University Hospitals NHS Trust: Private Finance Initiative
(asked on 14th March 2018) - View Source
Question to the Department of Health and Social Care:
To ask the Secretary of State for Health and Social Care, if he will publish the PFI payments made by Barking, Havering and Redbridge University Hospitals NHS Trust relating to (a) capital costs and (b) service payments for each year since 2015.
The capital cost and Unitary Charge payments for the new Queen’s Hospital (formerly Oldchurch hospital in Romford), for each year since financial year since 2015/16, are provided in the table below. The data is from the 2016 Private Finance Initiative (PFI) data summary sheet on the HM Treasury’s website. The Unitary Charge revenue payment figures include not just the financing costs (debt repayment and interest) for initial construction but also the costs of all the other services such as building maintenance and support services (cleaning, catering, portering etc) provided over the lifetime of the contract. The payments are subject to meeting agreed performance and quality standards and include an annual uprate assumption for inflation.
Capital Value (£ m) | Unitary Charge Payment 2015-16 (£ m) | Estimated Unitary Charge Payment 2016-17 (£ m) | Estimated Unitary Charge Payment 2017-18 (£ m) |
266.0 | 57.2 | 58.5 | 59.6 |
Further information relating to all PFI projects in the National Health Service and social care in England, including that for the new Queen’s Hospital, is available on the HM Treasury’s website, via:
The health sector schemes are marked “Department of Health” and then “DH-Acute (i.e. Hospitals)”. The new Oldchurch Hospital has ID number 284.