Sunday, September 23, 2007

Hidden £65m PPP Schools bill



Surprise, Surprise...



Ministers claim they have inherited a hidden £65m liability for privately-financed school projects that the previous Labour-LibDem administration failed to budget for in full.

...by 2010-11 will be £165m as the true cost of the exponential rise in the value contracts has become clear.

These were only £17m last year but leapt to £48m this year before reaching £137m next year and a total of £165m by the final year of this parliament, all for projects that have already been built, are under construction, or have been approved.


More from The Herald

Never mind, just think of the money the council will get from selling the Bishopbriggs High School site plus the 'surplus' land at Thomas Muir and Turnbull.




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