Cost Of Private Finance Initiatives
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.
This motion has been signed by a total of 18 MPs.
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