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BBC - Council plan to borrow extra £5m for ferry link

posted Mar 16, 2011, 3:10 AM by Richard Cliffe

BBC Internet News 15 March 2011 :   "Cornwall Council is considering borrowing an extra £5m to help fund a scheme for a new ferry link between Cornwall and the Isles of Scilly.

The council had hoped to receive final government approval for the project last year but following the Comprehensive Spending Review it was asked to reduce the cost or increase local contributions. The proposal will be considered by the council's cabinet on Wednesday.

The council said that, if approved, it would bring the level of local contributions up to £26.75m, 43% of the £62.05m required for the scheme."

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