13
« on: February 23, 2021, 08:39:16 AM »
Re Casement....all the signs are pointing to a difficult phase ahead, politically and financially, and whilst many still dare to dream of the full completion, others I talk to form a pragmatic view that maybe we need to cut the cloth to suit.
If there is £70m in the pot (safe and ringfenced) but the project needs £110m to deliver (full of risks and uncertainty)... what would the wise man do?
Would he hold out for the grand prize and hope at least three funding partners stump up £30 - £40m between them (all denying the possibility of this under evolving circumstances) or would he (she) propose a complete redrawing of the project to fall within an upper limit of the £70m that we know is available?
I've heard arguments for both sides. Would you settle for a top of the range Mercedes, or hang on in the hope of the flashy Ferrari?