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Table showing benefit to cost ratio expected for line 1 phase 1a in 2007

Resource Description: 

IN 2007 the line 1a (Gogar to Newhaven) was showing a very small BCR (Benefit to Cost ratio), of 1:10. This was with line costing £340M and carrying 10.6 million passengers.

In 2011 the line 1a, reduced in length from Gogar to York Place (Queen Street) with the cost having risen to £770M , and with financing costs, not needed for 2007, added it will be at least as high as £1.2Billion--- with passenger levels having collapsed to 5.4 million, just over half.

Yet the BCR now is supposedly 1:2.2--by ignoring all the money already spent and the financing costs

Release date: 
Sunday, December 31, 2006