What will be the final bill for the failed bike bridge?

Stuff reports:

The Government has set aside $150 million for an Auckland harbour crossing for cyclists and to also cover sunk costs arising from last year’s abandoned cycling and walking bridge project.

In October, the Government scrapped a proposed $785m cycling and walking bridge in Auckland, just three months after unveiling it.

As of late September, Waka Kotahi had spent $51m on designs, consultants and engineering plan fees.

Now, the Government has agreed to direct $150m of the project’s original $785m budget to cover sunk costs and conduct further work to get a ferry or bus shuttle service up and running.

Isn’t the Government great at wasting huge amounts of money, and producing nothing for it.