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Don't worry...the tram isn't dead, 'e's just stunned!

e2toe4's picture
on Wed, 05/02/2012 - 16:42

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Captain of the Tie-tanic to passengeres keen to get to the lifeboats: "DON'T WORRY EVERYBODY!!  I CAN ASSURE YOU WE ARE CONFIDENT WE WILL BE ABLE TO PUSH ON WITH THE REAR HALF TO LEITH ----ON TIME AND UNDER BUDGET!!!"

                                                                         

                                 The Tram project has moved from tragedy to farce and now slapstick as this recently unearthed transcript shows.  

The phrase 'you couldn't make it up' is often heard, but in the Edinburgh Tram project they're making it up as they go along every day.  

Though I suppose we shouldn't laugh too much as the joke is on and there are 231,000,000 reasons to prove it.    

AND that is not counting the 6% or so financing costs every year, or around a further £13M or £14M every year for 30 years-----  Completely overwhelming the bathtub of so called profits (or 'operating contributions'  as not even CEC can manage to pronounce the word 'profit' in connection with this financial catastrophe) in a tsunami of further debt costs over and above the capital repayment.     

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