There has been an angry reaction to the way an Isle of Wight Floating Bridge settlement agreement was announced last night (Thursday).

East Cowes Councillor Karl Love has revealed he heard Isle of Wight Council's news via the local media - despite his five year campaign for improvements and action over the troublesome chain ferry.

In a statement he said: "As a representative of the people of East Cowes, I am very concerned that the details are not transparent for all to see.

"I do not agree that confidentiality is necessary, as this amounts to a gagging order being placed on the settlement terms and conditions and I find that element totally unacceptable. After years of turmoil, we are entitled to be informed of the settlement details.

"I am committed to being transparent and no such clause can be imposed on the spending of public money - especially when so much damage has been done to our community, businesses and reputation."   

The Isle of Wight County Press has asked the Isle of Wight Council:

  • Why have no details been revealed, when it is public money?
  • Does the Isle of Wight Council think the public has a right to know more and if not, why not?
  • Is there any assurance that further problems could also be financially compensated or is this a final agreement ?
  • Who will foot the bill for future work?
  • How much has the entire project cost and what, if anything, has the council been compensated? 

Cllr Love said he had been at a cabinet meeting before the announcement, but leading cabinet members had not mentioned the settlement.

Isle of Wight County Press: Cllr Karl Love at the Floating Bridge. Cllr Karl Love at the Floating Bridge. (Image: Isle of Wight County Press.)

At around 6pm yesterday, the Isle of Wight Council said: "The Isle of Wight Council, Burness Corlett Three Quays (Southampton) Limited and Mainstay Marine Solutions Limited can confirm that a full and final settlement has been reached at mediation to end the legal dispute between the parties relating to Floating Bridge 6.

"It has been agreed that the terms of the settlement should remain confidential, and no party will make any further statement relating to the terms of the settlement agreement."

Five hours later, it was followed by a statement from Isle of Wight Council's transport lead, Cllr Phil Jordan.

The dispute has been ongoing for years and the chain ferry has been affected by a host of issues since its launch in 2017.

We have also asked the Isle of Wight Conservative Group for its response.