LeakBird

(Jan. 19, 2009, Scotsman)

SCOTTISH Water should be sold off to pay for the new Forth Road Bridge under proposals to be unveiled by CBI Scotland director Iain McMillan today.

Mr McMillan says the sale or mutualisation of Scottish Water would solve a funding headache by freeing cash to help build the bridge by private finance initiative.

Ministers want to bring forward cash from future budgets to meet a bill of up to £2.3 billion for the bridge, but the Treasury has rejected this. Mr McMillan believes selling or mutualising Scottish Water would enable more investment in water infrastructure, while freeing £182 million a year of Holyrood spending.

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