Khan commissioned the Labour MP Margaret Hodge to investigate whether the bridge still represented value for public money. The bridge was likely to cost more than £200m, Hodge said, and £37.4m of public funds had already been spent without any building work taking place. She also found the Garden Bridge Trust had lost major donors and secured only £69m in private pledges, leaving a gap of at least £70m. The Garden Bridge Trust was set up at the request of Transport for London and the Department of Transport to deliver the project which had received public money,” he said. “We have had enormous support from our funders and are very confident we can raise the remaining funds required.

Source: The Guardian April 28, 2017 09:00 UTC