The Garden Bridge vision
The Garden Bridge vision

The beneficiaries of the bridge never included chief consulting engineer Arup, who provided £ 7.4 million for services rendered.

The joint venture between Bouygues Travaux Publics and Cimolai, which was awarded the contract to build the bridge, received nearly £ 21.4 million for mobilization, assistance in planning, preparation and subsequent demobilization. The closest thing was the construction of community gardening.

More than £ 4.5 million has been spent on fundraising, promotional and press events.

Fugro received £ 1.3 million for sea / ground investigations.

The Garden Bridge project, unlike most bridges, has always been designed as a visitor attraction rather than a transportation infrastructure. The vision was a privately run pedestrian bridge full of trees and shrubs across the Thames between Temple and South Bank. It was canceled in 2017 after costing over £ 200m. Transport for London, under the control of London Mayor Boris Johnson, and the Department of Transport each agreed to give the project £ 30 million. The remainder should come from public funds.

The Garden Bridge Trust, the project customer, attributed the collapse of the project to London Mayor Sadiq Khan's refusal to cover the annual maintenance costs. This scared off potential donors, it said.

A report commissioned by Lady Margaret Hodge and commissioned by Sadiq Khan was the last nail in the Garden Bridge coffin. The opinion issued in April 2017 concluded that it would be better to scrap the project for the taxpayer at a cost of £ 46.4m than risking it to continue. She also confirmed that the taxpayer-funded contracts awarded to Heatherwick Studio and Arup were concluded without fair and open competition.

We now know that the cost of what the architect called Ian Ritchie "a wonderful exercise in celebrity hype and hubris" was even higher. There were 53.5 million pounds, of which 43 million pounds are uncollectible taxpayers' money.

As the public sector treasury manager, last year TfL audited the trust's payment request under the subscription agreement to ensure that the final cost of a portion of the public sector is minimized.

Related information

The review has examined the application in detail to ensure that all payments to a third party under the contract are fully justified.

TfL has now completed its review and confirmed that the final amount to be paid to the Trust is £ 5.5m. These funds come from DfT funds and include approximately £ 500,000 for future liabilities and contingent liabilities related to the formal dissolution of the Trust as required by the Charity Commission.

According to TfL, it is about 40% lower than it could have been. This also means that the final public sector expenditure will be around £ 43m – between £ 24m from TfL and £ 19m from DfT.

TfL has received legal advice that neither he nor the DfT has any reasonable prospect of withdrawing the money.

Alex Williams, TfL's city planning director, said: "As part of our ongoing commitment to transparency, we have released the final financial breakdown for the Garden Bridge project on behalf of the Trust and all the evidence we're looking for.

"We have worked to minimize the cost to the public sector, and after careful consideration of the request from the Garden Bridge Trust, we have now confirmed the final payment required by law under the terms of the subscription agreement signed by the government is.

"This concludes our participation in the project formally."

All TfL published documents on the Garden Bridge Trust project can be found at tfl.gov.uk/corporate/publications-and-reports/temple-footbridge

... celebrity hype and hubris
… celebrity hype and hubris

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