AndyRJ
Player Valuation: £5m
Yep, they pulled the plug on the basis of rising costs, flat out refused to commit more money to the scheme.Merseytravel was shafted by the then Labour Government if I recall. Given encouragement for the bids, initially allocated funding. Merseytravel then undertook some enabling works to combine with other works going on (to try to optimise on costs) only to have the Government pull the rug from underneath them. I was at an event in London when the late Glenda Jackson (then a transport minister) was in attendance and took the opportunity to speak to the Merseytravel DG who was also there - what he said would be unpublishable on a family site like this - suffice to say he was less enamoured by her performance in Government than in Elizabeth....
Merseytravel spent something like £71m on the project. I think a joint venture of GrantRail and Laing O'Rourke had even been appointed for Line 1 and all the track had been purchased which was eventually sold for a massive loss.