Councillors and committees

Decision details

Investment in Transport and Highways Infrastructure - Additional Schemes in the Third Tranche of the Local Growth Fund

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

To seek approval for local contributions for the addendum to the third tranche of schemes, for the 2016/17 Strategic Economic Plan (SEP) programme of EM3 and C2C LEPs. The Business Cases are due for submission during the autumn and winter of 2016/17.

The total estimated cost for these four schemes is £15.7752m and we are seeking Local Growth Fund (LGF) contribution from the EM3 and C2C LEPs of £12.0214m.

Approval is sought for County Council Economic Fund contribution of approximately £1.381m, for these schemes.

Local highways/project horizon, partner contribution and S106 developer contributions are currently £2.3728m, which could increase, as discussions are still in progress with partners.  Detailed design of these schemes could commence during Q4 of 2016/17.

The four projects are as follows:

·         Wider Staines STP (phase 1) (EM3 LEP)

·         A30 London Road Camberley (EM3 LEP)

·         Greater Leatherhead STP (C2C LEP)

·         A24 Epsom Town Centre Resilience (C2C LEP)

 

Decision:

Cabinet has deferred consideration of this item until such times as a sustainable budget for the County Council has been achieved.

 

Report author: Paul Fishwick

Publication date: 20/10/2016

Date of decision: 18/10/2016

Decided at meeting: 18/10/2016 - Cabinet

Accompanying Documents: