A £200m plan to build a bridge covered with trees over the River Thames in central London has officially been abandoned.
A £200m plan to build a bridge covered with trees over the River Thames in central London has officially been abandoned. The Garden Bridge Trust said it had failed to raise private funds since losing the support of the mayor of London, Sadiq Khan, in April. It comes after a review of the project recommended it be scrapped. At least £37.4m of public funds has already been spent on the project and a further £9m is at risk. In total, an estimated £46.4m of taxpayers’ money – calculated as direct grants of about £26m from the Department of Transport (DfT), around £11m in services in kind from Transport for London (TfL) and the remainder in cancellation costs – has been spent, according to the review by Dame Margaret Hodge.
Mr Khan said it was his ‘duty to ensure taxpayers’ money was spent responsibly. I have been clear since before I became mayor that no more London taxpayers’ money should be spent on this project and when I took office I gave the Garden Bridge Trust time to try and address the multiple serious issues with it. Londoners will, like me, be very angry that London taxpayers have now lost tens of millions of pounds – committed by the previous mayor on a project that has amounted to nothing.’