Issue - meetings

A40 Science Transit 2 Funding and Full Business Case Submission

Meeting: 15/12/2020 - Cabinet (Item 109)

109 A40 Science Transit 2 Funding and Full Business Case Submission pdf icon PDF 629 KB

Cabinet Member: Environment

Forward Plan Ref: 2020/141

Contact: Dominic Donnini, A40 Programme Lead Tel: 07717 134069

 

Report by Director of Growth & Economy (CA7).

 

In July 2014 the Science Transit 2 (ST2) project was awarded a provisional allocation of £35 million from Governments Local Growth Fund, subject to:

i.         the submission of an acceptable Full Business Case being submitted to the Department for Transport (hereafter referred to as DfT).

ii.        a minimum of £5 million matching local contribution.

The A40 Science Transit scheme was entered into the capital programme through the Cabinet Paper 21st July 2015. This Cabinet paper outlined the scheme and the longer-term strategy for the A40. This report sets out progress to date and seeks approval to the next steps.

 

The Cabinet is RECOMMENDED to;

 

(a)           Note the current scheme cost, proposed funding package and agree to update the capital programme accordingly.

(b)           Agree the preferred option to accelerate the delivery of the Park & Ride element of the project.

(c)           Agree to the additional development costs up to £7.724m through to anticipated Department for Transport funding approval.

(d)          Authorise the delegated approval to submit the Full Business Case to Department for Transport to the Director of Growth & Economy in consultation with the S151 Officer, Monitoring Officer to the Council and Cabinet Member for Environment

 

Additional documents:

Decision:

Recommendations agreed.

Minutes:

In July 2014 the Science Transit 2 (ST2) project was awarded a provisional allocation of £35 million from Governments Local Growth Fund, subject to:

 

i.the submission of an acceptable Full Business Case being submitted to the Department for Transport (hereafter referred to as DfT).

ii. a minimum of £5 million matching local contribution.

 

The A40 Science Transit scheme was entered into the capital programme through a decision of Cabinet on 21st July 2015 that outlined the scheme and the longer-term strategy for the A40.

 

Cabinet had before them a report that set out progress to date and sought approval to the next steps.

 

Councillor Constance, Cabinet Member for Environment introduced the report and moved the recommendations.

 

Owen Jenkins, Director of Growth & Economy presented the contents of the report.

 

Cabinet welcomed the proposals and were fully supportive of the recommendations. In response to a query on the timescales on the Park and Ride, Owen stated that the funding for the whole scheme would be in place once the full Business Case went through to the DfT and was approved. On the accelerated plans for the Park and Ride it was intended to start on detailed design in early 2021 and £1.8m was committed to this.

 

RESOLVED:           to:

 

(a)  note the current scheme cost, proposed funding package and agree to update the capital programme accordingly;

(b)  agree the preferred option to accelerate the delivery of the Park & Ride element of the project;

(c)  agree to the additional development costs up to £7.724m through to anticipated Department for Transport funding approval; and

(d)  authorise the delegated approval to submit the Full Business Case to Department for Transport to the Director of Growth & Economy in consultation with the S151 Officer, Monitoring Officer to the Council and Cabinet Member for Environment.