Colin James Posted June 6, 2016 Report Posted June 6, 2016 Happy 20th birthday (yesterday) to the second Severn bridge, where has the time gone... Photo credit to Mathew Roberts Quote
twowheelsgood Posted June 6, 2016 Report Posted June 6, 2016 I don’t know, but I do know that the tolls keep going up well ahead of inflation. Tolls that have been levied since 1966 (on the original bridge obviously) were due to finish in 2017, but not now, simply to be reduced, according to that nice Mr Osbourne. No doubt the banks and builders that own it spoke nicely to him about that. Quote
Colin James Posted June 6, 2016 Author Report Posted June 6, 2016 I wasn't going to get into a debate about the toll prices however, I thought prices were slowly being reduced according to this article. Quote
Victor Wright Posted June 6, 2016 Report Posted June 6, 2016 Shocked that it is 20 years!!! That is scary. BTW this is a fantastic photo of the bridge so credit ti the photographer here. Quote
Frank Smith Posted June 6, 2016 Report Posted June 6, 2016 That is unbelievable, 20 years, I would never I thought that. Quote
Slim Posted June 7, 2016 Report Posted June 7, 2016 Isn't it owned by a French firm? What happens if we (hopefully) leave the EU. Do they take it with them? Quote
twowheelsgood Posted June 7, 2016 Report Posted June 7, 2016 According to WikiPedia, ownership and operation of the bridge passed to Severn River Crossing plc on 26 April 1992 as part of the deal to build the Second Severn Crossing. 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[36] The company's 2011 annual report showed the same companies still owned, through subsidiary companies, all the issued ordinary share capital of the Plc.[37] Ownership of the bridge and the Second Severn Crossing will return to the UK government when the revenue required to build and maintain them, as defined in a Concession Agreement with the Secretary of State for Transport, has been collected. As above, this was supposed to be in 2017, but due to various issues, seems now to be an open ended agreement. Quote
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