The plan to widen Victoria Arch in Woking has gone an estimated £53-£54m over the original budget.
Woking Borough Council and Homes England are no longer able to support the increased cost of the schemeA bridge widening project has been cancelled by a bankrupt council.
Woking Borough Council aimed to ease traffic congestion, increase housing, improve cycling and pedestrian access by widening Victoria Arch in the town centre.due to an estimated cost increase of £53-£54m above the original budget of £115m.In 2018, the authority, together with Surrey County Council, bid for £95m in housing infrastructure money to buy the Triangle site.
He said shops and small businesses closed down prior to the failed redevelopment. Some found new premises and others closed permanently.Another councillor, Peter Graves, said: "It does seem barmy to me to have knocked down before we owned or had any planning." He added: "I can't imagine why that was done and I think residents, if they knew the truth, would be up in arms."
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