Statement from the Mayor on the closure of the Garden Bridge Trust
The Mayor of London, Sadiq Khan, said:
It’s my duty to ensure taxpayers’ money is spent responsibly.
Following the very serious issues highlighted in Dame Margaret Hodge’s independent review of the bridge - including a funding gap of over £70 million, potentially unlimited costs to London taxpayers to fund the bridge in the future, systemic failings in the procurement process and decisions not being driven by value for money - I could not permit a single penny more of London taxpayers’ money being spent on it.
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.
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