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£1bn 'lifeline' on bridge funding | |
(about 5 hours later) | |
A "£1bn lifeline" has been offered to help ensure the new Forth road bridge is built, the UK Government has said. | |
The comments came after the Holyrood and Westminster governments held talks in London to try to break the deadlock over funding the £2bn crossing. | |
Scottish Secretary Jim Murphy, who hosted the talks, said real progress had been made on the issue. | |
The Scottish Government described the talks as "constructive", but has not yet signed up to the proposals. | |
Plans for the new bridge were announced by the Scottish Government last year. | Plans for the new bridge were announced by the Scottish Government last year. |
'Country before party' | |
Holyrood ministers said they planned to pay for it from the £30bn annual block grant from Westminster, but they also asked the Treasury to advance them cash to spread the cost of the bridge. | |
Westminster rejected SNP plans to borrow money from future budgets and pay it back over 20 years. | |
Speaking after the meeting between Scottish Finance Secretary John Swinney and the Chief Secretary to the Treasury, Yvette Cooper, Mr Murphy said up to £1bn had been identified that could be used potentially to help fund the crossing. | |
Mr Murphy said he hoped the SNP administration would put ''country before party'' and sign up to the proposals. | |
A spokesman for Mr Swinney said talks over the funding issue would continue, adding: "It was a useful and constructive meeting as part of an on-going dialogue." | |
The UK Government has said it was impossible to advance cash from a budget which did not yet exist, but has offered a potential compromise, allowing Scots ministers to keep savings made over the next three years to build up a cash reserve to help pay for the bridge. | |
But sources close to Mr Swinney said this was ''unrealistic''. | But sources close to Mr Swinney said this was ''unrealistic''. |
The Scottish Government has argued the new bridge is a "generational" project, and must be allowed to go ahead without delaying other capital spending proposals. | The Scottish Government has argued the new bridge is a "generational" project, and must be allowed to go ahead without delaying other capital spending proposals. |