For All The Naysayers: Circuit Of Wales To Go Ahead

Lol 6000 NEW jobs, ie no real jobs, lost

This will be the most heavily marshalled track on the planet

 

Mmmmm media hype! Me thinks although I do think they're referring to construction etc etc

 

Looks like the project will collapse within the next 48 hours. Why should a government underwrite a privately funded project?

Minister cannot underwrite £357m Circuit of Wales track - BBC News

 

Would love to know who has made what sp far and who paid for it...one for the brexit bunch lol

 

Is it finished yet? :Angelic:

 

well. that's a pity. another failure for the administration. no pleasure to be gained from that.

 

Not sure it is anything to do with govt or Welsh assembly, more that a dream was sold, someone has made some cash, cant raise the rest and can now go live in Panama with the rest

Real shame, real modern life

 

yip. a few bob made on consultancy and architect fees. pity. sure something could of been made of it.
not that i could ever be accused of blind enthusiasm. :Angelic::smileys:

 

I'll put my flying pigs away then.

 

Statement on today's news

The Circuit of Wales is a significant mixed-industry development with the potential to deliver widespread regeneration benefits to the South Wales region. Many observers near to the site will have noted that the pre-enablement works and ecology activity has already commenced and we have a range of contractors engaged on creating sustainable employment opportunities in this challenged area.

We respect and understand the Ministers decision on the support for a 100% guarantee for our private funding. While this was our clear preference and reflective of the negotiations we have held over the past six months, we accept that the project will need to progress on revised terms.

We will continue negotiations with the Welsh Government, the local authorities and Aviva Investors to advance the development on revised terms that will be acceptable to all parties.

– MICHAEL CARRICK, CEO, HEADS OF THE VALLEYS DEVELOPMENT COMPANY

 

The very fact that it appears Aviva were insisting on 100% government underwriting says to me the knew the developers don't have the means to repay the money.

 

As you rightly say, it would never have happened anyway

 

Going to go out on a limb here and say it will be the last of the investment any other part of the country will see barring London and the home counties too - just like the Thatcher years. At least when we were in the EU it was spread out a lot more.

Bring on the dark ages i say .

 

It will end up like Mallory but with less people...

 

Your announcements that it the CoW is "to go ahead" and "It's happening" were a bit premature, @redsail. And by premature I mean utter bollocks.

 

Can I get my flying pigs out again then Pete?

 

Jeez,wheres the bellend smiley face when you need it

 

That's Pete for you. About as much tact as a smack in the face and all dressed up with 'but I'm in law so it's OK that I'm direct'.

 

aye, Britain loves a looser. jeezus