So,
So,it's funded by bond issues. Do we know how long the term of the bonds is? As for the cost, we will probably never know exactly, especially after the accountants have had their fun. The other thing is, of course, once the project is complete, there will be an asset, with presumably some value. My experience of projects tells me that the spending will be spread over the lifetime of the project; so I take it that not all the gilts are issued in one lump.