The government was accused yesterday of planning to 'rip off' householders and businesses, in a report commissioned...
The government was accused yesterday of planning to 'rip off' householders and businesses, in a report commissioned by Strathclyde RC, reports The Scotsman (p1).
The controversy centres on a uniquely Scottish method chosen to entice the private sector to finance major water and sewage projects called 'Build own and operate'.
The report by Chemical Bank, concludes that the BOO scheme will cost councils half as much again than building and operating the plants themselves.
Strathclyde councillor, Des McNulty said:
'What they are going to do is force these new authorities to enter a kind of hire purchase arrangement which means you pay more, and at the end of the agreement, you don't even own the asset.
The government described the report as 'fundamentally flawed'.