The controversial London scheme is in serious jeopardy after it emerged the charity developing it is no longer a going concern and that costs could ‘substantially’ increase from £185 million
The long-delayed accounts of the Garden Bridge Trust, published by Companies House and covering the period up to the end of March last year, also blame the EU referendum result as being partly responsible for delays to the scheme and say any further delays may lead to its termination.
The accounts also confirm that no new private funding has been secured for the Thomas Heatherwick-designed bridge since spring 2015 and that the funding gap has increased to £56 million due to an increase in the budget from £175 million to £185 million last summer.
AJ: Garden Bridge project on brink of collapse, accounts reveal
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