Parliament revamp could cost £40bn and take 61 years
Summary
The renovation of the UK Parliament could cost up to £40 billion and take as long as 61 years. Two main plans are being considered: one involves a full refurbishment with costs potentially reaching £39 billion over 61 years, and the other proposes moving MPs and peers out for up to 24 years with costs up to £15.6 billion. A decision on these options is urged by 2030.Key Facts
- The renovation could cost nearly £40 billion and take 61 years.
- There are two main plans: one to move only the House of Lords and another to relocate MPs and peers.
- The Parliament building requires major repairs, including updates to its old sewage and electrical systems.
- MPs and peers could be moved out for up to 24 years to allow the renovations.
- Initial works, proposed to cost £3 billion, include building temporary accommodations.
- Continuing with minimal repairs could cost £70 million per year.
- The building is at risk of fires and structural problems with 36 fire incidents reported since 2016.
- A decision on the renovation plan is recommended by 2030.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.