The interchange consists of Ryde Esplanade railway station on the Island Line, the connected bus station and taxi ranks, and the nearby Hoverport. The existing facilities were due to be rebuilt from October 2007. Due to financial difficulties and contract checking, it briefly looked like the project might not proceed. From late November 2008 to October 2009 it appeared that the project was back on track, with work expected to take place, albeit about 18 months later than originally planned, however, in October it was announced that due to increasing costs and difficulties with the ownership of land with Network Rail that the scheme again looked as though it would be abandoned as money could be more easily spent on making immediate improvements to Ryde Esplanade. On 13 October, the Council's cabinet voted to close the scheme.
Source: Wikipedia.org
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