Concord Costs Alarm
(N Z.P.A -Reuter—Copy right) LONDON, July 26. A British Parliamentary committee today expressed concern over the mounting costs of the Concord supersonic airliner project and called for an independent probe into the sharing of its costs between Britain and France.
The Committee of Public : Accounts—an all-party organI isation of the House of ComI mons—reported that they 'doubted estimates of develop(tnent costs which had soared i from an original figure of between £75 million and £B5 million to the current figure of £275 million. Costs of the Concord have risen progressively since Britain and France first agreed to develop the supersonic airliner three years ago. Britain’s Government threatened to cancel the project within a week of gaining power last October because of the nation’s deepening bal-ance-of-nayments crisis. But the Government reluctantly gave the go-ahead last ‘January after it became apparent that Britain would legally be bound to pay for
costs already expended on the project. The first of the Concord prototypes is due to fly in February, 1968.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19650728.2.131
Bibliographic details
Press, Volume CIV, Issue 30814, 28 July 1965, Page 17
Word Count
170Concord Costs Alarm Press, Volume CIV, Issue 30814, 28 July 1965, Page 17
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in