10 PFI projects have signed since the fourth edition:-

These Projects are:-

• Cumnock Community Hospital (capital value £8.6m);
• Perth & Kinross Office Accommodation (capital value £15m);
• North Ayrshire College, Kilwinning (capital value £7.2m)
• Almond Valley and Seafield sewage treatment (capital value £140m)
• Dalmuir Sewage Treatment Scheme (capital value £50m)
• Ellen Glen – 60 bed facility for the care of the elderly (capital value £2m)
• Inverness Psychiatric Services (capital value £16.5m)
• West Lothian Healthcare – Care of Elderly Services (capital value £2.3m)
• Larkfield Geriatric Assessment Facility (capital value £10m)
• Glasgow Southern General Hospital Information Support System (capital value £2.4m)

The following details were supplied by McGrigor Donald:-

Kinnoull House Limited, a joint venture between Morrison Construction and The Royal Bank of Scotland, has successfully completed a deal to design, build, finance and operate office accommodation to pull together 716 local authority employees under one roof, and a 555 space car park at Kinnoull Street Perth. The deal represents the first local authority office project under the private finance initiative in Scotland. Planning permission for the project has been granted, and although construction is not due to start until the summer, archaeological work on the site is underway with completion expected by Autumn 2000.

Stirling Water Seafield Limited was successful in its bid for the UK’s largest water and sewage PFI, including the provision of facilities to meet European waste and water purity and sewage sludge disposal regulations. This project is the UK’s first water project to be financed by way of a bond issue on the capital markets, with a £79.3 million proportion of the cost covered by a guaranteed bond issue and the balance met by a combination of subordinated debt and equity provided by the Sponsors – Thames Water, MJ Gleeson and Montgomery Watson.

The following appeared in the Official Journal of the European Communities (OJEC) in May - June:-

• 22/06/1999 – Invitation to tender

• 15/06/1999 – Prior information procedure

• 22/05/1999 – Contract award

• 21/05/1999 – Invitation to tender

• 20/05/99 – Prior information procedure – UK-Glenrothes: construction work for school buildings;

• 14/05/1999 – Contract award

• 04/05/99 – Contract award

Further details of these and a full list of OJEC notices can be found by visiting the Treasury Taskforce Website at http://www.treasury-projects-taskforce.gov.uk/ojecs/index.htm.

A list of current and proposed PFI projects within Scotland along with contact names and telephone numbers can be found at Annex A. We rely on feedback to keep the data as accurate as possible, so please advise us of any updates, corrections or omissions, which we will include in our next edition.

Data sheets giving background information on a number of signed projects can be found at Annex B. A full set of datasheets can be obtained from the PFU.