The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

All's Rosy in the Garden Bridge - For Now

04 November 2015 | Updated 01 January 1970

The row over the funding and location of London’s Garden Bridge may at least have had the financial side of the project resolved this week.

On Monday night Lambeth Council and the Garden Bridge Trust (GBT) reached an agreement on the public funding contribution from TfL towards the construction of the Garden Bridge.

The agreement limits TfL’s contribution to the construction of the bridge to £10 million, rather than the original £30 million contribution. This decision means that the negotiations for the bridge’s south landing site in Lambeth will resume.

The Lambeth council leader, Cllr Lib Peck, had previously suspended the negotiations because of “growing concerns” of the £30 million TfL had contributed to the scheme. “I’m pleased that Londoners are getting a better financial deal, particularly at a time of austerity when all public sector organisations are being forced to make deep cuts to services,” commented Peck. “We’ve been in tough negotiations with the GBT and TfL and I’m pleased we’ve successfully agreed a deal that will cut London taxpayers’ contribution towards the Garden Bridge by two thirds.”

The GBT also declared its satisfaction at agreement being reached. “We have been hugely successful in our efforts to raise funds from the private sector with £85 million pledged to date and we have agreed that any of the committed funds from TfL spent over the £10 million will be treated as a loan,” explained Lord Mervyn Davies, Chairman, GBT.

Picture: The financial shenanigans over London’s Garden Bridge appeared to have been resolved this week

Article written by Robin Snow | Published 04 November 2015


Related Articles

Plugging In To The Charging Market

FM provider ABM?UK has reached an agreement with ChargePoint, the electric vehicle (EV) charging network. ABM now has the rights to distribute, install and maintain...

 Read Full Article
Parking Grinches Set To Steal Christmas

English councils and their evil contractor cohorts made a record £819 million from parking operations in the last financial year. This is 40% higher than the...

 Read Full Article
Drivers' Eye Tests - A Short-sighted View?

Ahead of Road Safety Week (20-26 November 2017), Vision Express has ramped up its MP lobbying in a bid to make the UK’s roads safer by raising awareness of vision...

 Read Full Article
Air Action Due - Diesel and Petrol Banned?

  The government, in the form of Environment Minister Michael Gove, confirmed on Wednesday 26 that it will end the sale of all new conventional petrol and diesel...

 Read Full Article
Cold Case Catches-up With Callous Driver

A 41-year-old motorist, who was convicted in 2003 for dangerous driving which resulted in a woman receiving life changing injuries, has been jailed at Stoke Crown Court...

 Read Full Article
Nicked and Locked-down for Knockdown

A woman who deliberately knocked down a cyclist following a London street row was found guilty of causing serious injury by dangerous driving in the earlier part of the...

 Read Full Article
Future Cities - It's a Lot less Bovver with a Hover

Texas this week ending April 28 saw Embraer and Aurora reach an agreement to help push and partner on the Uber Elevate Network that will allow the potential development...

 Read Full Article
Woman Jailed for Causing Death Whilst Facebooking & Driving

A woman who killed one person and seriously injured another having collided with two stationary vehicles while sending a Facebook message has been sentenced to two years...

 Read Full Article
Warning Signs Out for Killer Drivers

36 police forces took part in the campaign in November stopping 10,012 vehicles and detecting nearly 8,000 mobile phone offences, the highest ever total for a week of...

 Read Full Article
Highway Robbery - Capita and Co Help Fleece Motorists of £100s of Millions

The surplus produced from council parking operations in England has reached a record high of just over three quarters of a billion pounds. In the 2015-16 financial...

 Read Full Article