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Written question asked by Baroness Walmsley (Liberal Democrat) on Thursday, 5 November 2015, in the House of Lords. It was due for an answer on Thursday, 19 November 2015. It was answered by Lord O'Neill of Gatley (Conservative) on Thursday, 19 November 2015 on behalf of the Treasury.

Private Finance Initiative

Question

To ask Her Majesty’s Government whether they have introduced arrangements for sharing gains on the sale of PFI equity shares in new PFI projects, as recommended by the Public Accounts Committee in its report of 2011 Lessons from PFI and other projects.

Answer

In its response to the Public Accounts Committee’s report, the Government has made clear that it does not agree that it would be desirable to seek a share of gains arising from the sale of shares in existing contracts. There would be a significant negative impact on the confidence of investors, particularly foreign investors, in the UK market and new investment in UK infrastructure would be discouraged.


The Treasury’s full response can be found at on the gov.uk website.

Secondary information

Type
Written question
Reference
HL3380
Session
2015-16
Subjects
Private finance initiative
Link
View this Written question on www.parliament.uk