Garden Bridge: bosses consider “worst-case scenario” after shortfall of £56m

The long-running saga surrounding London’s proposed “Garden Bridge” is rumbling on this week after trustees said they were “unable to conclude it is a going concern”.

While £185m is needed to complete the project, accounts filed show that there is currently a shortfall of £56m.

The accounts also show that the trustees have yet to secure land on the South Bank for the bridge to end on.

“Due to material uncertainties in existence ahead of finalising these accounts trustees are unable to conclude that the trust is a going concern and feel it only appropriate to flag these risks,” wrote trustee boss Lord Davies.

“It is hoped that these will be resolved over the months ahead but since a number of these risks are outside of the control of the trustees, they recognised that if this is not possible they will need to consider the further delay to the project, and in a worst-case scenario, whether the project remains viable,” he added.

(Photo: BBC/Heatherwick Studio)

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