No, the report said it was economically viable.
His comments referred to financial viability as the build costs would not be recouped from revenue even though revenue would cover the annualised running costs. Has the Luas repaid it's costs or were the new intercity trains paid for out of annual revenue?
The financial viability vs economic viability seems to be standard in all reports about rail projects, check a few or ask Mark
To be honest, I'd have thought the comments about the Transport 21 budget being insufficient might have caused more ructions as that would have had implications on a national level
Either way, there you have it. It must be a big blow to the guy himself
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