163/98
8 October 1998
Refurbishment of the Treasury building
Paymaster General Geoffrey Robinson today announced that discussions with Exchequer Partnership plc were being resumed to explore whether a basis could be found for developing its PFI proposals for the refurbishment of the Treasury building. If negotiations are successful, the aim will be to refurbish the Treasury building to a good, modern standard for use by the public sector. A further announcement on the outcome of the resumed negotiations will be made in due course.
Notes to editors
1. Plans to refurbish GOGGS (Government Offices Great George Street), were announced on 24 January 1995, and Exchequer Partnership plc were chosen as preferred bidder on 13 September 1996. Treasury Ministers felt that the structure and scope of their initial proposal needed development and that the timing - prior to the Comprehensive Spending Review being completed - was inappropriate. Ministers therefore halted the earlier negotiations with Exchequer Partnership plc on 31 July 1997.