£340 Million...And Counting

The Sunday Post will have to come up with a new headline now the soaring cost of Scotland's two ghost ferries has reached an unbelievable total of £340 million....and counting.

At this rate the entire workforce could have been made millionaires via generous redundancy packages, the project given a fresh start and the public purse would still saved millions.  

Scotland's National Ferry Scandal (September 30, 2022)

Here's an excellent summary of Scotland's great ferries scandal by Magnus Linklater in The Times.

"What no one knew at the time, however, was that Ferguson Marine was allowed to go ahead with its bid despite being unable to provide evidence of a builders refund guarantee. That, as the auditor-general has previously made clear, is an absolutely standard financial safeguard. That, to me, smacks of a stitch-up."

Magnus wrote his piece before the latest bombshell announcement that ferry costs have soared again taking the total to nearly £340 million - from the original total of just £97 million.

If it walks like a duck and talks like a duck...........chances are it's a duck.


 


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