public funding is paying for the new forth bridge.
public funding is paying for the new forth bridge.
who is paying for the new forth bridge?
public funding
it was initially suggested that the new bridge would be funded via the scottish futures trust, an alternative to public-private partnership funding for major public-sector schemes. however, the scottish government announced in december 2008 that public funding would be used. as part of the scottish government's strategic transport projects review, the new forth crossing was priced at between £1.72 billion and £2.34 billion. under the revised scheme, the existing bridge will be retained for public transport, cyclists and pedestrians, and the new bridge was to be operational by 2016.
queensferry crossing
in 1882 the nbr were given powers to purchase the bridge, which it never exercised. at the time of the 1923 grouping, the bridge was still jointly owned by the same four railways, and so it became jointly owned by these companies' successors, the london midland and scottish railway (30%) and the london and north eastern railway (70%). the forth bridge railway company was named in the transport act 1947 as one of the bodies to be nationalised and so became part of british railways on 1 january 1948. under the act, forth bridge shareholders would receive £109 of british transport stock for each £100 of forth bridge debenture stock; and £104-17-6d (£104.87½) of british transport stock for each £100 of forth bridge ordinary stock.
forth bridge