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Cutty Sark restoration costs 'soar'

Published: Sunday 11th of January 2009

The costs of restoring a key part of London's historical heritage has risen to as much as £40 million, it has been revealed.

According to a report in the Evening Standard, the renovations on the Cutty Sark in Greenwich have climbed beyond previously projected figures.

The former tea clipper was damaged by fire in May 2007. Despite the effects of the incident not being as bad as was first feared, the costliness of the restoration has gone up due to other factors, say the experts behind the work.

Richard Doughty, the Cutty Sark Trust's chief executive, told the newspaper: "The cost of the project could rise to somewhere between £38 million and £40 million.

"The project should have been completed by now but because of the fire it is instead running into a period when the Olympics construction work is happening. The Olympics factor has undoubtedly pushed up the cost."

LondonPass holders visiting the exhibit adjacent to the Cutty Sark, featuring details on the restoration work and the history of the iconic ship, can enjoy a free copy of the fascinating guidebook, saving £3.50.

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