Cairngorm railway under further fire as MSPs claim profit is unlikely
The Bank of Scotland’s £3.6 million investment in the ill-fated Cairngorm funicular railway was bought out by Highlands and Islands Enterprise for just £145,000, it has been revealed.
Robbie Dinwoodie, Chief Scottish Political Correspondent
But the Scottish Parliament’s Public Audit Committee still says HIE was directly to blame for failing to take account of the risks, which resulted in spiralling construction and running costs, initially estimated at £14.8m but now running at over £26m.
