The Leicester Mercury quoted a report produced by a senior City Council officer for a meeting of the overview and scrutiny committee who were considering Pennbury, saying that the Co-operative Group have “carried out of lot of work in desiging a tram and have costed it out as between £250 – £300 million.”
The Co-operative Group’s Director of the Rural Estate and Land Ventures, Graham Ramsbottom, has denied these costs have come from the Co-operative Group.
Leicestershire County Council transport professionals have costed the tram at £500 million plus. The plus being the costs of alterations to London Road to take the tram and ongoing costs of running the tram.
Which figures should be trusted? Anyone like to guess??