Request for information relating to the Private Finance Initiative agreement for the financing of Ystrad Mynach Police Station

Reference: 24001

Date Added: Friday, May 10, 2024

Category: Finance

Disclosure Details

Thank you for your request.  We have handled your request under the Environmental Information Regulations 2004 (EIRs). The EIRs apply to requests for environmental information, which is a broad category of information defined in regulation 2 of the EIRs. Public authorities are required to handle requests for environmental information under the EIRs. They give similar access rights to the Freedom of Information Act 2000 (FOIA). Your information request and our response are set out below:

You have requested the following information:

 Question 1: Could you please provide the cost figure associated with the construction of the building that was covered by the PFI?

Pure construction cost was £4,823,000, the total cost associated with build including Project Management, preliminaries, tendering, financial due diligence and legal fees was £5,773,750

Question 2: For the fiscal year 2017/2018, the annual cost was GBP 964,197. Could you please break down how this cost was calculated in terms of:

  • The repayment of the construction cost

£ 749,065 (part of £964,197)

  • The maintenance of the property

Facilities Management - £215,132  (part of £964,197)

Lifecycle costs for replacement of ICT and Furniture and mechanical and electrical components - £101,145 (in addition to £964,197)

  • Any additional costs not covered by the above

Rates, Utilities and Insurance - £225,525 (in addition to £964,197)

Question 3: In 2019, a team of consultants was hired to assess whether an early termination of the contract, through a one-off lump sum payment, would provide value for money for the force. Could you please share the detailed findings of this assessment?

Please see below value for money summary provided by consultants:

Value for money summary





Net Present Value of Unitary Charge over remaining term


Compensation payable on termination


Net Present Value of ongoing costs to run facility


PCC's cost




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