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Seòmar agus comataidhean

Official Report: search what was said in Parliament

The Official Report is a written record of public meetings of the Parliament and committees.  

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Dates of parliamentary sessions
  1. Session 1: 12 May 1999 to 31 March 2003
  2. Session 2: 7 May 2003 to 2 April 2007
  3. Session 3: 9 May 2007 to 22 March 2011
  4. Session 4: 11 May 2011 to 23 March 2016
  5. Session 5: 12 May 2016 to 5 May 2021
  6. Current session: 12 May 2021 to 14 May 2025
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Displaying 3102 contributions

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Public Audit Committee

Expiring Private Finance Initiative Contracts

Meeting date: 6 June 2024

Richard Leonard

We will now move into the second half of this morning’s session. Mr Reekie and Ms Alexander, we may come to you with some questions that we would like you to answer. My first question, though, will be targeted at Mr Rennick. As I understand it, eight PFI projects within the education and justice division are due to end before 2030. This came up when Willie Coffey was asking you questions in relation to HMP Kilmarnock. Do any of those contracts have exit fees attached to them?

Public Audit Committee

Expiring Private Finance Initiative Contracts

Meeting date: 6 June 2024

Richard Leonard

Thank you.

Do you, from your horizon scanning, have any information that you can share about when you expect a particular surge in the number of PFI contracts reaching their expiry dates? Are you confident that we have the capacity to deal with any years in which there might be a particularly high volume?

Public Audit Committee

Expiring Private Finance Initiative Contracts

Meeting date: 6 June 2024

Richard Leonard

That is helpful. Could you clarify what purpose is served by an exit fee? We have learned this morning that there was not one in the case of Kilmarnock prison. Why on some contracts are there exit fees? Why would you negotiate an exit fee?

Public Audit Committee

Expiring Private Finance Initiative Contracts

Meeting date: 6 June 2024

Richard Leonard

Okay, that is fine.

Public Audit Committee

Expiring Private Finance Initiative Contracts

Meeting date: 6 June 2024

Richard Leonard

Unfortunately, Graham Simpson’s intervention means that everyone else now wants to come back in. I am going to make this the very final question. Willie Coffey started it all, so I am going to invite Willie to ask the very last question in this morning’s session.

Public Audit Committee

Expiring Private Finance Initiative Contracts

Meeting date: 6 June 2024

Richard Leonard

Mr Rennick, do you want a final word?

Public Audit Committee

Expiring Private Finance Initiative Contracts

Meeting date: 6 June 2024

Richard Leonard

Before we finish, Graham Simpson has one other question about the mutual investment model.

Public Audit Committee

Decision on Taking Business in Private

Meeting date: 6 June 2024

Richard Leonard

Good morning. I welcome everyone to the 18th meeting of the Public Audit Committee in 2024. We have received apologies this morning from Colin Beattie.

The first item on our agenda is for the committee to consider whether to take agenda items 3, 4 and 5 in private. Are we content to do that?

Members indicated agreement.

Public Audit Committee

Expiring Private Finance Initiative Contracts

Meeting date: 6 June 2024

Richard Leonard

Thank you for that. We will get into a bit more of the detail of that as the morning develops. I invite Willie Coffey to open the questioning.

Public Audit Committee

Expiring Private Finance Initiative Contracts

Meeting date: 6 June 2024

Richard Leonard

Okay. Mr Reekie, in your broader survey of PFI contracts, are you aware of the quantum of PFI contracts that are coming up over the next few years that have these exit fees?