please empty your brain below
Looks like the ridiculous Garden Bridge might get canned, although it appears about £40m of public money has been spent on the vanity project so far.
dg writes: Fixed, thanks.
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please empty your brain below |
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I got the distinct impression that the Cable Car is currently an irrelevance so far as Val's in-tray is concerned. Given the scale of the budgetary challenge that's no great shock.
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I'm sure TfL has bigger fish to fry. How much does it cost to run? Does it pay its own way?
Looks like the ridiculous Garden Bridge might get canned, although it appears about £40m of public money has been spent on the vanity project so far. |
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The operational loss figure is more interest given it was promised to be at no cost to the London tax payer. Much the same as the cycle-hire scheme was promised to be cost neutral. If you can get these figures we will have a better idea how much these projects have really cost us all
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Not as much as has been spent on HS2 so far, talking of vanity projects! Not that it's wrong to invest in rail infrastructure, but something which runs non-stop from Birmingham to London is going to do very little to improve life in the commuter belt. And don't talk to me about freeing up capacity on the WCML, because the effect of that is minimal, serving only the long-distance traveller (existing Virgin long distance services also call at e.g. Milton Keynes, Rugby etc) and any increase in WCML capacity is simply going to increase the rate of increase of population pressure in towns along the WCML, with the subsequent effects on house prices, roads and public services.
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Lucky that Emirates negotiated a better termination of contract clause than the 300 Borisbus Customer Assistants, who will soon be joining 800 Underground workers on the dole queue.
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I understood from TFL it makes a small profit of half a million a year. So there would be no savings from closing it.
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Val Shawcross is deputy Mayor for Transport. The Commissioner of Transport, who is no longer new, is the head of TfL.
dg writes: Fixed, thanks. |
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Random fact - the cable car opened on my birthday!
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