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Article: Stagecoach grounds hovercraft project.
- Article from:
- Fife Free Press (Kirkcaldy, Scotland)
- Article date:
- February 19, 2008
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STAGECOACH has confirmed that it is to freeze any further work on its proposals for a cross-Forth hovercraft from the end of this month.
The Perth-based transport company is putting all research and development on the project on hold until it receives clarification over the future public sector role and investment, both of which are key to taking the project forward.
Stagecoach unveiled a detailed business plan in autumn 2007 outlining how a link could be established between Fife and Edinburgh using a 150-passenger craft with a crossing time of just 20 minutes.
The Group offered to invest more than [pounds sterling]10m to make the project a ...