Critics say £175m bridge,which already has £60m in official grants and loans, will require bailout whether costs rise or efforts to drum up further private money failBuilding work is to inaugurate on London’s garden bridge despite a funding shortfall of £30m, and it has emerged,with critics warning the run could eventually force politicians to provide more public money for the controversial project. The Garden Bridge Trust has committed to starting work on the Thomas Heatherwick-designed structure across the Thames in early 2016, despite so far raising £85m of the 115m of private pledges it says is necessary to complete the project.
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Source: theguardian.com