Tuesday, 17 January 2012
Bungling Metro Bosses Overspend
The series of train, track and station improvements agreed in 2010 are so far £6.7m over budget despite officers coming under greater pressure than ever to give maximum value for money on all public spending. The 4.8% hike would have been even higher if other individual parts of the project where not coming in under budget.
Nexus, which owns the Metro system, told councillors on the Tyne and Wear Integrated Transport Authority it was confident the costs would be reduced over the life of the 11-year programme.
The transport authority was told at a scrutiny meeting on Friday that there remained the possibility that the Department for Transport would reduce some of the funding.