The Luton Dunstable busway has a £5.2 million funding gap. Councillors will discuss figures on Tuesday this week. Luton and Central Bedfordshire Councils are supposed to be paying £9.83m towards the overall cost of the project which is predominantly being paid for by Central Government. But they still have to find more than £5m.
Liberal Democrat Leader at Luton Borough Council, David Franks, is quoted in today's Luton on Sunday, as saying "It is no surprise to me that the busway looks like leaving a £9.3m headache. The scandal is that none of the senior Labour councillors seems to have seen it coming and they are still denying it's a problem. What they will not say is where the money is going to come from, my guess is that they will end up borrowing it which will lead to more problems with interest charges and repayments."
The busway is due to open later than planned in the middle of 2013.