BoJo's "No Cost Cable Car to cost £50 Million

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A topic from Travel & Holidays: Travelling By Air

laresMon 18/04/11 10:35

"Construction of a cable car across the River Thames is to begin this summer, Transport for London (TfL) announced.

The £50.5 million scheme will connect the Greenwich Peninsula and the 02 to the Royal Victoria Docks and the ExCeL.

The scheme's cost was originally estimated to be as low as £25million when it was announced in July 2010 and TfL had said that it would not be paying to build the project.

TfL confirmed it would now be providing "upfront funding for the cable car" and would seek to recoup its costs but could not guarantee that taxpayers would not foot at least some of the bill.

A spokesperson said the decision to pay upfront was "to aid the quick delivery" of the project, which TfL was "striving" to deliver in advance of the London Olympic and Paralympic Games in 2012."

http://1sq.me/gDt1AZ

deleted:kolbaMon 18/04/11 10:45

Umm... why is this needed exactly?

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