Summary
THE leader of the bid to save the future of the SeaDragon project in the North-East last night issued one final plea for the Government to step in and save [pounds]300m investment and 1,000 jobs from being exported to the Far East.
Although part-nationalised Lloyds TSB has refused to fund the oil and gas platform's construction in the NorthEast, claiming the Far East offers a less risky alternative, the Government has refused to intervene, saying it cannot become involved in a bank's commercial decisions, despite it being 43 per cent owned by the UK taxpayer.See the full content of this document
Extract
'Still Time to Save Seadragon Project'
The Northern Echo has learned the cost of the rig being made in Singapore could be at least [pounds]110m more than in the UK, and that efforts ar...
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