- Asked by: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Andy Kerr on 29 January 2007
To ask the Scottish Executive how refinancing has changed the net present value and cash value of the cash flow to Wishaw General Hospital PFI project consortium shareholders over the contract term.
Answer
I refer the member to the answer to question S2W-31057 on 29 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: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Andy Kerr on 29 January 2007
To ask the Scottish Executive what the net present value and cash value gains of the refinancing of the Hairmyres Hospital PFI project are to (a) the private sector and (b) NHS Lanarkshire and, in respect of NHS Lanarkshire, in what form these gains have been made, such as reductions in annual payments or reduced parking charges.
Answer
The refinancing of Hairmyres Hospital inAugust 2004 provided an opportunity for both Prospect and NHS Lanarkshire towork in partnership and capture the considerable benefits from the reducedrisks inherent in the project following the successful completion ofconstruction and the experience gained of operating the hospital.
NHS Lanarkshire took itsshare of the gain as a reduction in its annual unitary charge payment of£419,000 per annum in 2004 prices over 26.75 years. At the time of refinancingthe NPV of NHS Lanarkshire’s share of the gain was calculated as £2.735 million.
The consortium made acapital gain on the refinancing in August 2004 of £16.7 million. Information isnot held on the basis that this was extracted.
The refinancing providessubstantial financial gain for NHSL and was undertaken in line with the Code ofConduct issued by the Office of Government Commerce in July 2002. PartnershipsUK Refinancing Task Force confirmed the business case complied with the termsof the Code.
- Asked by: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Andy Kerr on 29 January 2007
To ask the Scottish Executive how refinancing has changed the base internal rate of return to the Wishaw General Hospital PFI consortium.
Answer
I refer the member to the answerto question S2W-31057 on 29 January 2007. All answers to written parliamentaryquestions are available on the Parliament’s website, the search facility forwhich can be found at:
http://www.scottish.parliament.uk/webapp/wa.search.
- Asked by: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Andy Kerr on 29 January 2007
To ask the Scottish Executive whether any equity shares in the Hairmyres Hospital PFI project have changed hands since financial close.
Answer
The equity shares have changedhands since financial close. The current equity shareholders are Innisfree NomineesLimited as custodian of the partnership assets of Innisfree M&G PPP LP (50%)and Kier Project Investment Limited (a wholly owned subsidiary of Kier Limited)(50%).
- Asked by: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Andy Kerr on 29 January 2007
To ask the Scottish Executive whether the refinancing of the Wishaw General Hospital PFI project resulted in any change in risk allocation and termination liabilities and, if so, how the additional risks have been priced.
Answer
I refer the member to the answerto question S2W-31057 on 29 January 2007. All answers to written parliamentaryquestions are available on the Parliament’s website, the search facility forwhich can be found at:
http://www.scottish.parliament.uk/webapp/wa.search.
- Asked by: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Andy Kerr on 29 January 2007
To ask the Scottish Executive what the net present value and cash value gains of the refinancing of the Wishaw General Hospital PFI project are to (a) the private sector and (b) NHS Lanarkshire and, in respect of NHS Lanarkshire, in what form these gains have been made, such as reductions in annual payments or reduced parking charges.
Answer
I refer the member to the answerto question S2W-31057 on 29 January 2007. All answers to written parliamentary questions areavailable on the Parliament’s website, the search facility for which can befound at
http://www.scottish.parliament.uk/webapp/wa.search.
- Asked by: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Andy Kerr on 29 January 2007
To ask the Scottish Executive whether the refinancing of the Hairmyres Hospital PFI project has changed the contract length from financial close and, if so, what the change has been.
Answer
The refinancing has notchanged the length of the contract from that at financial close.
- Asked by: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Andy Kerr on 29 January 2007
To ask the Scottish Executive how refinancing has changed the net present value and cash value of the cash flow to Hairmyres Hospital PFI project consortium shareholders over the contract term.
Answer
This information is not heldcentrally.
- Asked by: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Andy Kerr on 29 January 2007
To ask the Scottish Executive how much capital was raised by the Hairmyres Hospital PFI consortium to deliver that project, broken down into (a) equity, (b) subordinated debt and (c) senior debt.
Answer
The capital raised by the HairmyresHospital PFI consortium to deliver the project was as follows:
| | £000 |
| Senior Debt | 74,473.3 |
| Subordinated Debt | 8,400.0 |
| Equity | 0.1 |
| Total | 82.8734 |
- Asked by: Alex Neil, MSP for Central Scotland, Scottish National Party
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Date lodged: Tuesday, 16 January 2007
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Current Status:
Answered by Cathy Jamieson on 26 January 2007
To ask the Scottish Executive how many times the Head of the Scottish Fingerprint Service visited and met staff in the four Scottish fingerprint bureaux in (a) 2004, (b) 2005 and (c) 2006 and how many times he has visited the four bureaux since the publication in June 2006 of the Independent Counselling and Advisory Services’ report into the Scottish Fingerprint Service.
Answer
The operational detail requested is not held centrally.
