Perfect Financial Incompetence in Kirklees community health centres

5 primary care/community health centres in Kirklees are a PFI project. Kirklees Primary Care Trust closed the financial deal for the PFI project in 2004.

The 2012 Treasury PFI spreadsheet shows the PFI contract is for 30 years and Semperian is the equity holder. The Special Purpose Vehicle (SPV) is NK Facilities Ltd. Total capital costs are listed as £25m. The total unitary charge (which covers the mortgage repayment and service charges for operating and maintaining the health centres) is £89.6m over the contract duration. Continue reading