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Bristol Consortium dissolved:
The Bristol Citylink consortium formed to bring the Bristol light rail proposals to fruition has been dismissed. This is apparently due to Government legal advice that with the revised funding arrangements the scheme must go back out to tender. Members of the consortium would be free to submit tenders.
The consortium had intended to provide 60% private sector funding, which would have been the highest so far achieved, but this is now likely to be reduced to 20%.
Although Bristol City Council's transport executive Labour Councillor Helen Holland has indicated that it wasn't a hitch for the project, and said that "on the contrary things are moving on", it is likely that the re tendering precess will add a further delay to the already extended timescale of the project.
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9 July 2001
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