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COST OF PRIVATE FINANCE INITIATIVES

EDM (Early Day Motion) 306: tabled on 02 July 2012

Tabled in the 2012-13 session.

This motion has been signed by 18 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House notes that the Government holds assets worth a capital value of 56 billion, which have been built under PFI contracts; but is deeply concerned that these will cost taxpayers around 229 billion by the time the debt is repaid up to 30 years later; further notes the South London Healthcare Trust has been put intospecial administration because its 2.5 billion PFI deal costs 61 million a year to service, more that 14 per cent of its income which it cannot fund; and fears that many other hospital trusts will also be unable to meet their annual PFI debt payments without massive reductions in staffing and patient care.

These members had previously signed the motion, but have now withdrawn their support. The date shown is when the Member withdrew their signature from the motion.