Perth and Kinross Council's flagship projects such as Perth High School and replacing Perth Leisure Pool are in doubt. The council's chief executive has warned councillors PKC currently cannot afford its bumper six-year £683 million capital programme.
He told a council committee this week rising costs meant the council had recently "agreed £77 million of additional costs for nothing".
The stark news came in an update to Perth and Kinross Council's Finance and Resources Committee on the 2022-28 Composite Capital Budget.
A report written by senior accountant John Jennings told councillors "the delivery of all the approved projects and programmes within the current six-year capital budget is no longer expected to be affordable under the current funding strategy due to the impact of contract inflation alone." Councillors this year approved a further £33.2 million for the Cross Tay Link Road and another £18.7 million for the replacement Perth High School - just two of many capital projects.
Read more on dailyrecord.co.uk
Get the latest stars news and celebrity rumours with exclusive stories, photos, videos and interviews.
Breaking up, scandals, engagements, divorces, gossip – all you need to know about the private lives of your favorite celebs.
Get to know the latest showbiz news along with exclusive interviews and even more. All this is waiting for you on the main page 24 hours a day, 7 days a week! Who, where, when, with whom, how, why and for what!? Stay tuned to know first!
Just follow us daily and we will provide you with the current news from the life of famous stars and celebrities.
Owner: SNOWLAND s.r.o.
Registration certificate 06691200
Address:
Snowland s.r.o.
16200, Na okraji 381/41, Veleslavín, 162 00 Praha 6
Czech Republic
©2024. All rights reserved.