Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The Council is to receive funding from the Cambridgeshire and Peterborough Combined Authority (CPCA) to deliver construction of the A1260 Nene Parkway Junction 3 Improvement Scheme. The total amount to be funded is £9,291,880. Approval is required for contract to be awarded to Milestone to undertake delivery of the improvement scheme.
Cabinet considered the report and RESOLVED to:
1. Approve the award of £9,291,880 to Milestone Infrastructure Limited to deliver construction of the highway improvement scheme for A1260 Nene Parkway Junction 3.
This recommendation has been made to ensure that the Council is able to effectively deliver grant funding awarded to it by the CPCA for A1260 Nene Parkway Junction 3 improvement scheme. Successful delivery of the funding will help the Council to obtain further funding from the CPCA in future for otherhighway schemes. Delivery of the scheme will improve the capacity and operational performance of the highway network which is crucial to supporting future growth of Peterborough.
Not to deliver the scheme: This has been discounted because the highway network around Junction 3 will suffer from heavy congestion at peak times. This will have a negative impact on the local economy by deterring potential new businesses looking to invest in the city due to the long journey times in the area. Successful delivery of the scheme will provide significant benefits to the wider travelling public, resulting in improvements to; journey times, accessibility and the environment.
CPCA January Board Meeting (25/01/23) - when ready minutes will be made available on the link provided below:
Publication date: 13/03/2023
Date of decision: 13/03/2023
Decided at meeting: 13/03/2023 - Cabinet
Effective from: 17/03/2023