Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
The purpose of this report is for Cabinet to consider and approve the award of £550,424 to Milestone Infrastructure Limited to deliver construction of active travel schemes and approve £315,000 for payment of C4 Utility charges, all of which are part of the Eastern Industries access improvement scheme.Approval is also requested to include £13,224 of remaining budget the CPCA has from the previous stage of the project. Approval is requested for a total of £878,648.
Cabinet considered the report and RESOLVED to:
1. Approve the award of £550,424 to Milestone Infrastructure Limited to deliver construction of active travel schemes and approve £315,000for payment of C4 Utility charges, all of which are part of the Eastern Industries access improvement scheme. Approval is also requested to include £13,224 of remaining budget the CPCA hasfrom the previous stage of the project. Approval is requested for a total of £878,648.
This recommendation has been made to ensure that the Council is able to effectively deliver grant funding awarded to it by the CPCA forEastern Industries access improvement scheme. Successful delivery of the funding will help the Council to obtain further funding from the CPCA for the construction of the remaining schemes which are still being designed. Delivery of the scheme will improve the capacity and operational performance of the highway network which is crucial to supporting further growth.
Not to deliver the scheme: This has been discounted because the highway network around the Fengate area 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.
In the unlikely event that the CPCA decide to not award Peterborough City Council the funding for the remaining schemes, the Council will look at alternative options to fund the project or place the schemes on hold until funding becomes available.
CPCA Board Meeting (19-10-22) when ready minutes will be made available on the link provided below:
Publication date: 14/11/2022
Date of decision: 14/11/2022
Decided at meeting: 14/11/2022 - Cabinet
Effective from: 18/11/2022