When first mooted, after the sham procurements, it was misleadingly suggested that the Garden Bridge would cost £60m, with not a penny from public finances. Roll on three and a half years and the regular increasing costs of the development see the total currently standing at £185m of which £60m is from the public transport purse. This cost is only likely to rise and as the NAO stated it is likely that the public would be called on to bail out the Garden Bridge Trust for both any (growing) funding gap as well as potentially over £3m a year for maintenance costs.
For comparison, our world important National Parks have suffered a 40% cut in real-term funding over the last five years, local news site SE1 noticed that the new Guys’ cancer unit’s construction cost was £90m while a whole load of world famous bridges have come in at less cost, including the Millennium footbridge which would cost around £34m in today’s money.
Compared to other transport schemes the Garden Bridge is astonishingly expensive, as this graph shows – the Garden Bridge being in red.
This post was originally part of The Garden Bridge 12 Days of Christmas.
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