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That money is held in the consolidated fund against a transfer taking place. When a transfer takes place, that money will be used to repay the debt principal.
As I understood the permanent secretary's response last week, he too would have liked a completed design, but the transfer order that required the project to be transferred on 1 June prevented that.
Paragraph (f), at the top of page 17, states that £1 million is a "Transfer for vulnerable projects." In fact, the answer is under paragraph (h), as it is a transfer within the department.
Given that such a transfer would be applicable only within the area of the relevant CJA, section 7(4) allows ministers in any such order to make different provisions for different CJAs.The power to make the order that transfers these functions is subject to the affirmative procedure.