Eye-wa­ter­ing over­spend

The Peterborough Evening Telegraph - - Your Views -

The ques­tion of the ex­tra spend needed on a road pro­ject to ex­pand Flet­ton Park­way is com­plex. The scheme which, has some govern­ment fund­ing, is in the main paid for by the city coun­cil. The coun­cil has a ‘con­tin­gency fund’ to cover sit­u­a­tions like this. But in this case the eye-wa­ter­ing £5.1 mil­lion of lo­cal tax­pay­ers’ cash will put a huge hole in that fund. That’s a lot of con­tin­gency that could have gone to other schemes. It may be dif­fi­cult to pre­dict but it wouldn’t take many ‘un­pre­dictable’ prob­lems like this to leave a lo­cal au­thor­ity with a ter­ri­ble fi­nan­cial headache.

>Mark Ed­wards >@PT Mark Ed­wards

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