Two weeks ago, OnTheWight revealed that the Solent LEP had launched a public consultation on the latest business case for the Cowes floating bridge.
Residents in the Floating Bridge Stakeholders Group have been working their way through the 107 page document and discovered the latest costs.
In March 2016, the IWC announced the new £3.2m floating bridge had been commissioned.
Jump forward two and a half years, the total costs to date is a staggering £6.4m, some of which will be covered by the SLEP (around £3m was agreed), but the remainder has been the responsibility of the Isle of Wight council.
Karl Love told OnTheWight,
“It is truly shocking and especially in the context of the proposed Austerity cuts this administration intend to impose on our Island people in its next budget proposal.
“Cllr Ian Ward‘s administration of this whole situation is equal incompetent, full of mismanagement, media gaffs and a determination to soldier on within his tribal Tory rank and file.
“Only a full independent Inquiry can tell us what’s happened here, however I think we have wasted enough money and I will settle for it working as it was designed for, but we are far from this.
“£539,281 in additional replacement launch costs could have been saved and continued the good work of our Local Area Coordinators.”
Read more: Isle of Wight Council incompetents spend a staggering £6,400,000 on floating bridge