- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive what the net present value and cash value gains of the refinancing of the Edinburgh Royal Infirmary PFI project are to (a) the private sector and (b) NHS Lothian and, in respect of NHS Lothian, whether it will detail the form in which these gains have been made, such as reductions in annual payments or reduced parking charges.
Answer
I refer the member to the answer to question S2W-30560 on 15 January 2007. All answers to writtenparliamentary questions are available on the Parliament’s website, the search facilityfor which can be found at
http://www.scottish.parliament.uk/webapp/wa.search.
- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive how much capital was raised by the Edinburgh Royal Infirmary PFI consortium to deliver that project, broken down into (a) equity, (b) subordinated debt and (c) senior debt.
Answer
The capital raised by the EdinburghRoyal Infirmary PFI consortium to deliver the project was as follows:
| (£ Million) |
Senior Debt | 200.4 |
Subordinated Debt | 27.6 |
Equity | 0.5 |
- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive what the (a) percentage capital growth and (b) total capital gain has been on investors’ investment in the Edinburgh Royal Infirmary PFI project.
Answer
This information is not held.
- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive whether any equity shares in the Edinburgh Royal Infirmary PFI project have changed hands since financial close.
Answer
The current shareholders forthe Edinburgh Royal Infirmary PFI project are as follows:
Balfour Beatty: 73.9%.
Infrastructure Investors: 26.1%.
I also refer the member to the answer to question S2W-30556 on 15 January 2007. All answers to writtenparliamentary questions are available on the Parliament’s website, the search facilityfor which can be found at
http://www.scottish.parliament.uk/webapp/wa.search.
- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive what percentage of NHS Lothian’s income the annual charge arising from the Edinburgh Royal Infirmary PFI project represent, and how that has changed as a result of the refinancing.
Answer
The charge for the EdinburghRoyal Infirmary PFI project currently equates to 3.3% of the total NHS Lothian incomefor 2006-07. It is not yet known how thiswill change as a result of refinancing as negotiations have not been concluded.
- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive how refinancing has changed the net present value and cash value of the cash-flow to Edinburgh Royal Infirmary PFI project consortium shareholders over the contract term.
Answer
As negotiations for the refinancinghave not been concluded this information is not yet available.
- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive how refinancing has changed the base internal rate of return to the Edinburgh Royal Infirmary PFI consortium.
Answer
I refer the member to the answer to question S2W-30560 on 15 January 2007. All answers to writtenparliamentary questions are available on the Parliament’s website, the search facilityfor which can be found at
http://www.scottish.parliament.uk/webapp/wa.search.
- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive what annual payments are to be made to the Edinburgh Royal Infirmary PFI consortium over the contract term and how these changed as a result of the refinancing
Answer
The following table shows theestimated annual payments to be made to the Edinburgh Royal Infirmary PFI consortiumover the current contract period. As negotiations for the refinancing have not beenconcluded it is not yet known how these might change.
Year | Amount (£ Million) | Year | Amount (£ Million) | Year | Amount (£ Million) | Year | Amount (£ Million) |
2006-07 | 40.4699 | 2013-14 | 48.1060 | 2020-21 | 57.1829 | 2027-28 | 67.9725 |
2007-08 | 41.4816 | 2014-15 | 49.3086 | 2021-22 | 58.6125 | 2028-29 | 34.8359 |
2008-09 | 42.5187 | 2015-16 | 50.5414 | 2022-23 | 60.0778 | 2029-30 | 35.7068 |
2009-10 | 43.5817 | 2016-17 | 51.8049 | 2023-24 | 61.5797 | 2030-31 | 36.5995 |
2010-11 | 44.6712 | 2017-18 | 53.1000 | 2024-25 | 63.1192 | 2031-32 | 37.5145 |
2011-12 | 45.7880 | 2018-19 | 54.4275 | 2025-26 | 64.6972 | 2032-33 | 38.4523 |
2012-13 | 46.9327 | 2019-20 | 55.7882 | 2026-27 | 66.3146 | | |
- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive whether any of the refinancing gain arising from the refinancing of the Edinburgh Royal Infirmary PFI project has been retained by the private sector to compensate for a lower rate of return than that expected at bidding stage.
Answer
I refer the member to the answerto question S2W-30560 on 15 January 2007. All answers to written parliamentary questions are availableon the Parliament’s website, the search facility for which can be found at
http://www.scottish.parliament.uk/webapp/wa.search.
- Asked by: Tommy Sheridan, MSP for Glasgow, Solidarity Group
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Date lodged: Wednesday, 13 December 2006
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Current Status:
Answered by Andy Kerr on 15 January 2007
To ask the Scottish Executive who the equity providers were for the Edinburgh Royal Infirmary PFI project.
Answer
The original shareholders forthe Edinburgh Royal Infirmary PFI project were as follows:
Morrison Construction: 15%.
RBS: 42.5%.
Balfour Beatty: 42.5%.