Yes that vanity project the Thames Garden Bridge has finally been cancelled. After it lost the support of Mayor Sadiq Khan it has not been able to get enough funding from private sources. The amount of money wasted is forecast to be about £46 million. And most of that came from public funds, i.e. your taxes, with nothing to show for it at all. But better late than never so far as cancellation is concerned.
It was a bridge sold on attracting tourists but was not in the right place and not useable by many people who might wish to cross the Thames at that point. No proper cost/benefit analysis was done on it. But like that other more grandiose vanity transport project, HS2, once these projects get launched they soon gain a momentum of their own as lobbyists for commercial groups who might benefit promote the project.
Now HS2 has only spent about £2 billion to date, without laying a single foot of track, but if it was cancelled now might save over £70 billion. As with the Garden Bridge, there are lots of other better uses to which the money could be put.
It’s not too late. Just time to make a tough decision.