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#1
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Offramp wrote:
I saw an update in the Times on Saturday, but their articles are nonhyperlinkable, so here's a BBC update: http://www.bbc.co.uk/news/uk-england-london-39524979 "A project to build a bridge covered with trees and shrubs across the Thames in London should be scrapped, a review has found. Dame Margaret Hodge's review said it would be better to ditch the Garden Bridge than risk uncertain costs. Three months ago the Garden Bridge Trust admitted its future was in doubt after publishing accounts which showed a £70m shortfall in funding. Initially £60m of public money was pledged on planning for the bridge. Transport for London pledged £30m, but £20m of that was to be a loan, and the rest was from central government. Dame Margaret says £37.4m had already been spent, and even if the bridge did not go ahead it would cost the taxpayer £46.4m." Is even worse than wot I funk. Yes, it keeps getting worse in every report. And as discussed here previously, it's extraordinary how much public money has apparently been spent so early in the project, with the plans not even finalised and no physical work done. A great deal must have been spent on architects, consultants, lawyers, engineers, PR firms, etc. Here's a more detailed report: http://www.publicfinance.co.uk/news/...s-hodge-report Extract: The £200m Garden Bridge project does not offer taxpayers value for money and should be scrapped, a review by Margaret Hodge has concluded. The report, commissioned by London mayor Sadiq Khan, published today, found the £60m cost to taxpayers for the scheme, which is significantly over-budget, could not be justified. Hodge, who is the former chair of the Public Accounts Committee, said she found “too many things wrong” with the development and implementation of the Garden Bridge Project. “Value for money for the taxpayer has not been secured. It would be better for the taxpayer to accept the financial loss of cancelling the project than to risk the potential uncertain additional costs to the public purse if the project proceeds,” she added. “In the present climate, with continuing pressures on public spending, it is difficult to justify further public investment in the Garden Bridge.” She urged the mayor to not to sign any guarantees until it is confirmed that the private capital and revenue monies have been secured by the Garden Bridge Trust. The review found that decisions on the Garden Bridge were driven more by electoral cycles than value for taxpayers’ money. The costs of the project have escalated from an early estimate of £60m to over £200m today. Also, risks to the taxpayer have intensified, Hodge said, and the original ambition to fund the Garden Bridge through private finance has been abandoned. The Garden Bridge Trust has lost two major private donors and can count on pledges of only £69m, with no new pledges secured since August 2016. A public sector contribution of £60m would still leave a gap in capital funding of at least £70m. Moreover, very little progress has been made on raising money to fund the ongoing maintenance of a completed bridge, the report said. The two TfL procurement rounds for the scheme were deemed neither open nor fair, revealing systemic failures and ineffective control systems at many levels. Hodge concluded that the Garden Bridge Trust’s finances are in a precarious state and many outstanding risks remain unresolved. Responding to the report, Sadiq Khan confirmed that he would not invest any further public money in the proposed bridge, which would span the River Thames from Temple station to the South Bank, and had been scheduled to open in 2019. |
#2
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In message
-septemb er.org, at 15:44:10 on Sun, 9 Apr 2017, Recliner remarked: The review found that decisions on the Garden Bridge were driven more by electoral cycles Boris bikes in charge. What could possibly go wrong! than value for taxpayers’ money. -- Roland Perry |
#3
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On Sunday, 9 April 2017 16:47:15 UTC+1, Recliner wrote:
The review found that decisions on the Garden Bridge were driven more by electoral cycles than value for taxpayers’ money. I'd like to read a fuller version of that! It sounds very important. |
#4
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Offramp wrote:
On Sunday, 9 April 2017 16:47:15 UTC+1, Recliner wrote: The review found that decisions on the Garden Bridge were driven more by electoral cycles than value for taxpayers’ money. I'd like to read a fuller version of that! It sounds very important. This timing looks like the bridge might have been intended to influence the 2015 general election and 2016 mayoral election: https://en.m.wikipedia.org/wiki/Gard...nning_approval However, I don't think that was the main factor of the timing. Much more likely, Boris wanted to get it all approved and construction underway while he was still mayor, as he knew his successor was unlikely to share his enthusiasm for La Lumley's grand vision. Had he followed the proper procurement procedures the process would have taken longer. The outcome would still have been the same --no bridge-- but it would have cost less to get there. |
#5
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On 09/04/2017 21:34, Offramp wrote:
On Sunday, 9 April 2017 16:47:15 UTC+1, Recliner wrote: The review found that decisions on the Garden Bridge were driven more by electoral cycles than value for taxpayers’ money. I walked along the relevant bit of the south bank the other day and found that a good many trees had small notices attached, posted by those opposed to the bridge, pointing out that these quite attractive and inoffensive trees would all be demolished if the garden bridge was approved. -- Clive Page |
#6
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Clive Page wrote:
On 09/04/2017 21:34, Offramp wrote: On Sunday, 9 April 2017 16:47:15 UTC+1, Recliner wrote: The review found that decisions on the Garden Bridge were driven more by electoral cycles than value for taxpayers’ money. I walked along the relevant bit of the south bank the other day and found that a good many trees had small notices attached, posted by those opposed to the bridge, pointing out that these quite attractive and inoffensive trees would all be demolished if the garden bridge was approved. Looks like it's all over bar the shouting: Garden Bridge: London mayor Sadiq Khan withdraws support http://www.bbc.co.uk/news/uk-england-london-39734050 I suspect that Sadiq was always privately against it, but had to let it fail on its own terms. That way, Boris gets the blame for the embarrassing failure of the project, and waste of public funds. |
#7
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On Friday, April 28, 2017 at 10:10:45 PM UTC+1, Recliner wrote:
Clive Page wrote: On 09/04/2017 21:34, Offramp wrote: On Sunday, 9 April 2017 16:47:15 UTC+1, Recliner wrote: The review found that decisions on the Garden Bridge were driven more by electoral cycles than value for taxpayers’ money. I walked along the relevant bit of the south bank the other day and found that a good many trees had small notices attached, posted by those opposed to the bridge, pointing out that these quite attractive and inoffensive trees would all be demolished if the garden bridge was approved. Looks like it's all over bar the shouting: Garden Bridge: London mayor Sadiq Khan withdraws support http://www.bbc.co.uk/news/uk-england-london-39734050 I suspect that Sadiq was always privately against it, but had to let it fail on its own terms. That way, Boris gets the blame for the embarrassing failure of the project, and waste of public funds. Yes, this was discussed in detail on yesterday's James O'Brien radio show on LBC. I've never had a high opinion of our Mayor, but I think he got this one right. The entire project has been a disgrace and I'm glad it was not allowed to come to fruition. |
#9
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On Saturday, April 29, 2017 at 1:03:05 PM UTC+1, wrote:
On Sat, 29 Apr 2017 02:36:39 -0700 (PDT) wrote: On Friday, April 28, 2017 at 10:10:45 PM UTC+1, Recliner wrote: Clive Page wrote: On 09/04/2017 21:34, Offramp wrote: On Sunday, 9 April 2017 16:47:15 UTC+1, Recliner wrote: =20 The review found that decisions on the Garden Bridge were driven more= by electoral cycles than value for taxpayers=E2=80=99 money. =20 I walked along the relevant bit of the south bank the other day and=20 found that a good many trees had small notices attached, posted by thos= e=20 opposed to the bridge, pointing out that these quite attractive and=20 inoffensive trees would all be demolished if the garden bridge was=20 approved. =20 Looks like it's all over bar the shouting: =20 Garden Bridge: London mayor Sadiq Khan withdraws support http://www.bbc.co.uk/news/uk-england-london-39734050 =20 I suspect that Sadiq was always privately against it, but had to let it fail on its own terms. That way, Boris gets the blame for the embarrassin= g failure of the project, and waste of public funds. Yes, this was discussed in detail on yesterday's James O'Brien radio show on LBC. No doubt inbetween questioning the IQ of anyone who voted Brexit, wondering what the problem is of uncontrolled immigration and extolling the virtues of multiculturalism while living in his middle class bein pensant enclave in Chiswick. He's the biggest dick on radio. -- Spud I agree with your opinion of him, and I'd add self-righteousness to his list of failings. My problem is that after ten o'clock there's little else worth listening to on the radio while I'm driving. |
#10
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Offramp wrote:
On Sunday, 9 April 2017 16:47:15 UTC+1, Recliner wrote: The review found that decisions on the Garden Bridge were driven more by electoral cycles than value for taxpayers’ money. I'd like to read a fuller version of that! It sounds very important. https://www.london.gov.uk/sites/defa...e_review_0.pdf Theo |
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