Mayor warns transport budget cuts will force new borrowing
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A deal to overhaul the capital’s transport network has run into the familiar problem of having more plans than money. Reykjavík Mayor Hildur Björnsdóttir warned that government budget cuts will likely force the project to borrow more and delay construction, a sequence of events that rarely makes a project cheaper.
The drive for renewable energy is moving to the hills, with fourteen wind farm projects now in the planning portal. One farmer on the land where a project was recently moved to the utilization list stated he would not be sitting calmly if he thought the development was bad, noting that people eventually get used to everything.
The reduction of the Loftbrú travel fund has drawn criticism for being based on faulty premises. Elsewhere, a new private hospital is set to open in a building owned by the founder of Samherji.