beta - fireinvestment.io logo beta - fireinvestment.io logo Home Markets News Resources Burn it

Burn it

Login Register

Andrew Hirst 2023-03-10 12:17:00

Tunnel to Fetlar appears in SIC's £500m fixed links estimate - The Shetland Times

A council report on fixed links has estimated the cost of building five tunnels - including to Feltar - at around £500 million. The Shetland Inter-Island Transport Connectivity report sets out the processes, timescales and resources required in delivering fixed links and ferries. It covers the four tunnels usually discussed in the debate - to Unst, Yell, Whalsy and Bressay. And, for the first time, it also mentions a possible tunnel between Yell and Fetlar. It says the total cost "could be in excess of £500m at 2022 prices". The report also highlights the cost of ferry operations - estimated at £23m for the coming financial year - and the uncertainty as to whether it will be fully covered by the Scottish government. In addition to the annual running costs, it highlights the capital investment needed for replacement ferries and infrastructure - estimated at around £120-150m. The report asks councillors to authorise a project team to be set up to develop an "inter-island transport connectivity network" business case. The cost, which includes surveys, reports and procurement of services such as project management, is estimated at up to £700,000. The report will be discussed by the SIC's environment and transport committee on Tuesday. It had originally been scheduled to be heard in private due to containing exempt information. However, the report was reworked so that it could he heard in public.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.