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Treasury concerned by overspending on capital projects

Bill Shimmins MHK

MHK admits record for completing works on budget isn't good

A political member for the Treasury admits the Government doesn't have a good track record when it comes to completing capital projects on time and on budget.

Tynwald approved an additional £6.5m for the Isle of Man ferry terminal due to be constructed in Liverpool, taking the total to £26.8m.

The extra funds were largely needed due to higher than expected civil engineering costs and the need for higher specification materials.

Bill Shimmins MHK says there is a trend for such schemes coming in over budget and behind schedule:

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