The cost of RMJM's new Scottish Parliament building could reach a record-breaking £400 million, it was claimed this week. Earlier this month, the Scottish Executive admitted that the estimated cost of the Enric Miralles-designed Holyrood building would top £308 million.
But an inside source close to the project - who was first to predict the rising cost in an article in the AJ two years ago - said that secretly the executive was admitting this would be closer to £350 million/£360 million. And that it is preparing itself for a final end cost closer to £400 million. The estimated cost of the project has escalated up to 40 times from the original £10 million-£40 million predicted in 1997. The previous completion target of September 2003 has also been abandoned and there is now no fixed date for the project to be finished.
The AJ's source predicted that 'fur was set to fly' within the Scottish Parliament in the run up to the 2003 elections, and that the fallout from the debacle would soon reach the Blair government.
'This is one of those weird historical moments when a building project will affect the political process, ' the source said.