Taxpayers could lose £20m if London garden bridge is cancelled, says report
Ministers repeatedly gave more public money to project despite warnings against doing so, National Audit Office report finds
Ministers have repeatedly given more public money to London’s planned garden bridge, despite official advice against doing so, and risk losing more than £20m if the controversial project is cancelled, according to a report from the National Audit Office (NAO).
Civil servants were so worried about the scale of public underwriting of the scheme that they sought rare formal direction from ministers instructing them to commit extra funds to it, prompting David Cameron and George Osborne to express their frustration at delays to funding for the project.
Source: Guardian Transport