Private Finance Initiative

(asked on 13th October 2014) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, what the total private finance initiative liabilities of his Department are for the next 20 years; and if he will make a statement.


Answered by
 Portrait
Steve Webb
This question was answered on 20th October 2014

The Department has three current private finance initiative contracts:

1. The Private Sector Resource Initiative for the Management of the Estate (PRIME). A 20 year PFI partnership awarded on 1st April 1998 to Trillium (now Telereal Trillium). PRIME delivered a transfer of property ownership of the DWP estate and outsourced most facilities management services. The PRIME contractor is responsible for all landlord and property related tasks, delivers a total maintenance programme and provides all building related services.

2. Health and Safety Laboratory, Buxton. A 30 year contract awarded on 1st April 2002 to Interserve plc.

3. Health and Safety Executive, New Merseyside Centre, Redgrave Court, Bootle. A 30 year contract awarded on 1st October 2003 to Honeywell Control Systems, supported by Reliance FM as the prime facilities management provider.

The remaining financial liabilities for each contract between 2014/15 and its expiry date are:

PRIME 2014/15 to 2017/18 £2,074.47m

HSL 2014/15 to 2034/5 £278.79m

HSE 2014/15 to 2034/5 £244.73m

Total £2,597.99m

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