Edinburgh Trams to terminate at Haymarket
August 26 2011
The decision to axe the stretch of track will save the Council an estimated £231m in borrowing but will incur the need for a projected £4m annual subsidy.
It will mean passengers transferring from Edinburgh Airport to the city centre will have to disembark at the station and hop aboard a bus to reach their destination.
The decision has been described as “bonkers” by the chief executive of the Edinburgh Chambers of Commerce Graham Birse, who told the BBC: “No business person in Edinburgh would take to their board the proposition that we should invest £700m in a project that is going to make a £4m a year annual loss.
"And to borrow £11m a year to sustain it is just bonkers."
Ironically disruption to Princes Street will continue as the track work done thus far needs to be redone on health and safety grounds – even if no tram ever rolls across them.