| Severn Bridge Tolls increase at midnight 18:40 - Dec 31 with 1579 views | Flashberryjack |
F*cking robbery |  |
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| Severn Bridge Tolls increase at midnight on 18:45 - Dec 31 with 1569 views | Lord_Bony |
How much now? ..its going to the French innit? |  |
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| Severn Bridge Tolls increase at midnight on 18:57 - Dec 31 with 1536 views | Jack_Meoff |
When does this come back into public hands? We're just f*cking cash cows aren't we? How old is the f*cking thing?! |  |
| If you want a vision of the future, imagine a boot stamping on a human face--forever. |
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| Severn Bridge Tolls increase at midnight on 18:58 - Dec 31 with 1532 views | Lord_Bony |
| Severn Bridge Tolls increase at midnight on 18:57 - Dec 31 by Jack_Meoff |
When does this come back into public hands? We're just f*cking cash cows aren't we? How old is the f*cking thing?! |
1967 Its a disgrace we still have to pay to come into our own country... | |
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| Severn Bridge Tolls increase at midnight on 19:01 - Dec 31 with 1521 views | monmouth |
| Severn Bridge Tolls increase at midnight on 18:57 - Dec 31 by Jack_Meoff |
When does this come back into public hands? We're just f*cking cash cows aren't we? How old is the f*cking thing?! |
Aye, like the govt won't charge. It's only gone up 10p this year, but that will mean 20p next and £7 the year after. It is, as you say, a f***ing rip off. Three times a week for me too, to get to the lovely (much better than Liverpool) old city of Bristol. |  |
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| Severn Bridge Tolls increase at midnight on 19:25 - Dec 31 with 1480 views | Jack_Meoff |
| Severn Bridge Tolls increase at midnight on 19:01 - Dec 31 by monmouth |
Aye, like the govt won't charge. It's only gone up 10p this year, but that will mean 20p next and £7 the year after. It is, as you say, a f***ing rip off. Three times a week for me too, to get to the lovely (much better than Liverpool) old city of Bristol. |
I'd love to know the difference between construction cost and revenue generated. Neo Liberalism eh?
Bristol nice indeed, never been to Liverpool as yet. Some odd types reside that way apparently... [Post edited 31 Dec 2015 19:27]
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| If you want a vision of the future, imagine a boot stamping on a human face--forever. |
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| Severn Bridge Tolls increase at midnight on 20:57 - Dec 31 with 1378 views | Bloodyhills |
Funding and ownership
The bridge was built at a cost of £380 million and is owned by the company Severn River Crossing Plc. As of November 2010, Severn River Crossing Plc was owned
35% John Laing, British developer infrastructure operator
35% Vinci, French concessions and construction company
15% Bank of America, American multinational banking and financial services corporation
15% Barclays Capital, British multinational investment bank[29]
The company's 2011 annual report showed the same companies still owned, through subsidiary companies, all the issued ordinary share capital of the Plc.[30]
Ownership of the crossing and the original Severn Bridge will return to the UK government when the project's required revenue, as defined in the Concession Agreement with the Secretary of State for Transport, has been collected.[30] In 2010, the concession was expected to end in 2017.
In 2012, changes were made to the agreement to reflect the effect of changes in VAT and Corporation Tax and the costs of installing credit card handling systems. The net effect was to increase the required revenue from £995.83 million to £1,028.91 million in 1989 prices[29][32] and extending the contract to 2018. It was later announced that these changes and future unspecified repairs were likely to mean that repayment would continue until the early 2020s and that its users should not expect tolls to reduce even after repayment has been completed. |  |
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| Severn Bridge Tolls increase at midnight on 13:19 - Jan 1 with 1197 views | Brynmill_Jack |
| Severn Bridge Tolls increase at midnight on 20:57 - Dec 31 by Bloodyhills |
Funding and ownership
The bridge was built at a cost of £380 million and is owned by the company Severn River Crossing Plc. As of November 2010, Severn River Crossing Plc was owned
35% John Laing, British developer infrastructure operator
35% Vinci, French concessions and construction company
15% Bank of America, American multinational banking and financial services corporation
15% Barclays Capital, British multinational investment bank[29]
The company's 2011 annual report showed the same companies still owned, through subsidiary companies, all the issued ordinary share capital of the Plc.[30]
Ownership of the crossing and the original Severn Bridge will return to the UK government when the project's required revenue, as defined in the Concession Agreement with the Secretary of State for Transport, has been collected.[30] In 2010, the concession was expected to end in 2017.
In 2012, changes were made to the agreement to reflect the effect of changes in VAT and Corporation Tax and the costs of installing credit card handling systems. The net effect was to increase the required revenue from £995.83 million to £1,028.91 million in 1989 prices[29][32] and extending the contract to 2018. It was later announced that these changes and future unspecified repairs were likely to mean that repayment would continue until the early 2020s and that its users should not expect tolls to reduce even after repayment has been completed. |
If the govwrment of the day had stumped up the cash this money would be coming into public coffers for years to come. Same with the railways. The result is always the same, the general public get screwed over time and again |  |
| Each time I go to Bedd - au........................ |
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| Severn Bridge Tolls increase at midnight on 14:09 - Jan 1 with 1148 views | Highjack |
| Severn Bridge Tolls increase at midnight on 13:19 - Jan 1 by Brynmill_Jack |
If the govwrment of the day had stumped up the cash this money would be coming into public coffers for years to come. Same with the railways. The result is always the same, the general public get screwed over time and again |
1967 was labour wasn't it? |  |
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| Severn Bridge Tolls increase at midnight on 14:31 - Jan 1 with 1126 views | dgt73 |
| Severn Bridge Tolls increase at midnight on 13:19 - Jan 1 by Brynmill_Jack |
If the govwrment of the day had stumped up the cash this money would be coming into public coffers for years to come. Same with the railways. The result is always the same, the general public get screwed over time and again |
I agree with you on this. All infrastructure projects should be paid for by the tax payers and all profits- going back into building schools - hospitals etc, but no British government has the British people's interests at heart. [Post edited 1 Jan 2016 14:33]
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| Severn Bridge Tolls increase at midnight on 14:34 - Jan 1 with 1115 views | dgt73 |
| Severn Bridge Tolls increase at midnight on 14:09 - Jan 1 by Highjack |
1967 was labour wasn't it? |
More like the mid 90's ....1995 i think.
Edit :- actually it was September 8 1996. [Post edited 1 Jan 2016 14:36]
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| Severn Bridge Tolls increase at midnight on 15:40 - Jan 1 with 1061 views | trefelinjack |
| Severn Bridge Tolls increase at midnight on 18:58 - Dec 31 by Lord_Bony |
1967 Its a disgrace we still have to pay to come into our own country... |
and if it was the other side you would be moaning that we have to pay to leave our country. always moaning. glass always half empty. I bet you leave at 70 mins | | | |
| Severn Bridge Tolls increase at midnight on 16:04 - Jan 1 with 1030 views | sherpajacob |
| Severn Bridge Tolls increase at midnight on 18:58 - Dec 31 by Lord_Bony |
1967 Its a disgrace we still have to pay to come into our own country... |
A westbound toll is the only commercially viable option.
Who the feck would, pay to get into England? |  |
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| Severn Bridge Tolls increase at midnight on 16:06 - Jan 1 with 1025 views | Lord_Bony |
| Severn Bridge Tolls increase at midnight on 15:40 - Jan 1 by trefelinjack |
and if it was the other side you would be moaning that we have to pay to leave our country. always moaning. glass always half empty. I bet you leave at 70 mins |
I would nt mind paying if it came back to Wales...but it does nt over ONE BILLION pounds a year shared out amongst consortiums...we should have built this second crossing with help from the EU could have been a whole lot of money coming in as a result... | |
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| Severn Bridge Tolls increase at midnight on 16:10 - Jan 1 with 1008 views | Highjack |
| Severn Bridge Tolls increase at midnight on 18:58 - Dec 31 by Lord_Bony |
1967 Its a disgrace we still have to pay to come into our own country... |
You don't have to pay to come into the country, you pay to use the bridge. You can go around or swim for free. | |
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