London's visionary Garden Bridge has been saved in an 11th-hour deal that slashed £20 million from the cost to the capital’s taxpayers.
Talks between Labour mayoral candidate Sadiq Khan, Lambeth council leader Lib Peck, Transport for London and the Garden Bridge Trust reached a dramatic breakthrough that will allow work to start on schedule next year.
The key was a cut in funding provided by TfL, from £30 million to £10 million. The other £20 million will be loaned by TfL if needed, and ultimately funded by the private sector or future revenues.
It lifts a shadow from the £175 million project — a landscaped footbridge created by Olympic cauldron designer Thomas Heatherwick.
Read full article: London's Garden Bridge is saved by 11th-hour cash deal
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