PARLIAMENTARY WRITTEN QUESTION
Barking, Havering and Redbridge University Hospitals NHS Trust: Private Finance Initiative (14 March 2018)
Question Asked
Asked by:
Wes Streeting (Labour)
Answer
The Unitary Charge payments for the new Queen’s Hospital (formerly Oldchurch hospital in Romford), for each year over the next two decades and up until the final payment in financial year 2039-40, are provided in the table below.
The data is from the 2016 Private Finance Initiative (PFI) data summary sheet on the 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.
Financial Year | Estimated Unitary Charge Payment (£ million) |
2017-18 | 59.6 |
2018-19 | 60.8 |
2019-20 | 62.0 |
2020-21 | 63.2 |
2021-22 | 64.8 |
2022-23 | 66.4 |
2023-24 | 68.1 |
2024-25 | 69.8 |
2025-26 | 71.5 |
2026-27 | 73.3 |
2027-28 | 75.1 |
2028-29 | 77.0 |
2029-30 | 78.9 |
2030-31 | 80.9 |
2031-32 | 82.9 |
2032-33 | 85.0 |
2033-34 | 87.1 |
2034-35 | 89.3 |
2035-36 | 91.5 |
2036-37 | 93.8 |
2037-38 | 96.2 |
2038-39 | 98.6 |
2039-40 | 80.0 |
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 Treasury’s website, via:
The health sector schemes are marked “Department of Health” and then “DH-Acute (i.e. Hospitals)”. The new Queen’s Hospital has I.D number 284.
Answered by:
Steve Barclay (Conservative)
21 March 2018
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.