Garden Bridge (1)

Meeting: 
MQT on 2015-03-25
Session date: 
March 25, 2015
Reference: 
2015/0860
Question By: 
Darren Johnson
Organisation: 
City Hall Greens
Asked Of: 
The Mayor
Category: 

Question

Have you or your officials told the Garden Bridge Trust or the local planning authorities that you will guarantee funding for the regular maintenance of the bridge in the event of insufficient private funding being raised? Will you please publish all the correspondence relating to this arrangement.

Answer

Answer for Garden Bridge (1)

Answer for Garden Bridge (1)

Answered By: 
The Mayor

The Garden Bridge will be a fantastic and iconic addition to London, encouraging people to walk, supporting economic development and regeneration in the area, and creating a new open space which will enrich the quality of life of Londoners and visitors alike. 

I am supportive of the approach that is being adopted by the Garden Bridge Trust and believe its business plan to be robust. In order to unlock the planning process, I have agreed in principle to provide a guarantee to secure the continuing maintenance of the bridge in the extremely unlikely event that the Garden Bridge Trust is unable to fund this directly. This undertaking was confirmed in writing to the Garden Bridge Trust on 18 February.

It should be made absolutely clear that the provision of such a guarantee does not replace the primary focus of the Garden Bridge Trust, which is to secure the upkeep of the bridge in perpetuity and I have received the necessary assurances from the Trust that this will be achieved. Consequently, I do not expect this guarantee to be called upon. Furthermore, the GLA's contribution of £30 million towards construction of the bridge will not be released until I have received a counter-guarantee from the Garden Bridge Trust in the form of a satisfactory long-term plan for how the annual maintenance of the bridge will be funded.