| Last Updated Sunday 15th March 2009 |
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EDINBURGH CONTINGENCY FUND ALREADY HALF USED? The Edinburgh Evening News have this week reported that over half of the contingency fund for the tram project has already been used – with just £40 million of the £96 million still available for future use. There is no coroboration from tie over this issue but concerns have been expressed by opposition politicans over the news.
Cllr Mark McInnes, Conservative transport and environment spokesman, said: “Any serious dents into the contingency fund at this stage would be concerning and what we need to be clear on is that any extra costs do not fall back on the Edinburgh taxpayer. The project was backed on the strength of the business case and it could be that this was simply not robust enough, so it is one we will be following closely over the coming months. If contractors have legitimate grievances as set out in the contract then these will have to be paid up but it is something tie needs to keep on top of."
Further inroads into this may yet come with Bilfinger Berger believed to want £20 million extra to undertake the track construction work in Princes Street (see separate story).
Source: The Scotsman
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