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Holyrood to debate Forth Bridge tender insurance

Questions over plans to pay tendering costs to companies who fail in the bid for the new Forth Bridge project will be put to Scottish Transport Minister Stewart Stevenson.

Companies could get up to £5 million handed back to them if their bid is rejected. Transport Scotland has said if plans for the bridge do not go ahead, firms may get £10 million returned to them.

That could happen if legislation for the bridge is not passed, or if a decision is made not to proceed with the project, according to Ainslie McLaughlin, director of major transport and infrastructure projects at Transport Scotland.

Ms Stevenson will face questions from Holyrood’s Finance Committee over proposed contingent liability arrangements.

Transport Scotland has said tender for the the work cost around £10 million, while the Forth Bridge project is expected to cost around £2.3 billion in total.

The Scottish Government said: “This is a world class, prestigious project and these standard industry provisions will ensure we maximise competition and achieve the best overall price.”

 

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