Labour will send the National Audit Office (NAO) to investigate the Teesworks project if they win the next general election, Rachel Reeves tells The Yorkshire Post.
The shadow chancellor and Leeds West MP was speaking alongside party leader Sir Keir Starmer and shadow energy secretary Ed Miliband at Teesport near Middlesbrough, as the trio announced Labour’s plans to invest £1.8bn in the UK’s ports if they win the next election. Teesport, operated by PD Ports, is the fifth largest port in the UK and is surrounded by Teesworks, the vast regeneration project at the former Redcar steelworks site which covers nearly 2,500 acres of land.
, instead commissioning three local government experts to conduct a review into governance, finances and transparency at the project. The panel concluded that systems in place at the public bodies “do not include the expected sufficiency of transparency and oversight across the system to evidence value for money,” and made 28 recommendations for improvements to be made.
and Teesworks Ltd were liable to pay the majority of costs after a failed legal case they brought against PD Ports around access rights. has already spent more than £3m on its own costs, leaving the taxpayer likely liable to pay more than £4m for the action.
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