Friday, 18 January 2013

Busway debt

This week's Huntingdon & St Ives News & Crier  ( 17 January, pages 1 and 10) carries an article about the  debt of £64.2m which Cambridgeshire County Council has incurred as a result of what the newspaper calls 'spiralling costs' of the busway. Over 5 years interest payment have totalled £6m so far. Meanwhile the Council has had to cut back on services such as bus subsidies, libraries and youth services. The Council hopes to recoup these losses next year when its court case  against the busway contractor, BAM Nuttall, is heard. The Council hopes to win the court case.

See also  Cambridge News website for details of this story.


No comments:

Post a Comment