- How many, if any, Pfi schemes does the authority have – and what are they?
Birmingham has PFI contracts in 2 areas, Highways and Schools; there are 3 contracts related to schools and 1 for Highways
PPP1 – Schools PFI (10 School Rebuilds/Major Refurbishments) Contract signed February 2000
PPP2 – Schools PFI (11 School Rebuilds) Contract signed March 2006
BSF PFI Schools (2 New Schools including 1 co-location of a Primary & Special with Secondary) Contract signed August 2009
Birmingham HMMPFI (all of Birmingham Highway Network) Contract signed May 2010 - For each scheme, how much is the authority paying in total over the life of the Pfi deal?
PPP1 – £270m (30years).
PPP2 – £319.8m (25 years).
BSF PFI – £196.0m (25 years).
HMMPFI – £2.6bn (25 years).The payment values above are cash (ie they assume inflation for the contract duration. - Has the authority started to re-negotiate any of those deals? If so – how many?
No, Birmingham has not started to re-negotiate any of these PFI contract but is reviewing all areas of expenditure as part of its budget process and looking for value for money in all contracts.
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