Garden Bridge Trust accounts “incredibly concerning”

January 11th, 2017

Garden Bridge

Responding to the publication of the Garden Bridge Trust’s accounts, which show that the total cost of the Garden Bridge could exceed the estimated £185m, Labour London Assembly Member Tom Copley AM, said:

“This report makes for incredibly concerning reading. We already knew this venture was strapped for cash but now Londoners will rightly worry that there’ll be an attempt to draw on more public funds.

“With the Garden Bridge Trust desperately trying to persuade donors to part with their cash before construction has even begun, and serious risks to its status as a going concern, it looks like a development on the verge of collapse.

“If we’re to stop more public cash being frittered away on this floundering project then we need the Mayor to refuse to sign the maintenance guarantee. We need him to give that reassurance.”

Ends

Notes

  • Concerns that the cost of the Bridge could exceed £185m are found on page 8 of the report;
  • Information regarding the Trust calling for donations to be made available ahead of construction are found on page 10;
  • Uncertainties about the Trust’s status as a going concern can be found on page 13.

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