Decision details

Resolved:  That following a recommendation from the Investment Committee, the Combined Authority approves:

(a)       That the Halifax Station Gateway project proceeds through decision point 3 and work commences on activity 4 (Full Business Case).

(b)       That an indicative approval to the Combined Authority’s contribution of £27.10 million (which will be funded through £10.60 million from the WY+TF fund and £16.50 million from the TCF fund) is given with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5 (FBC with finalised costs). The total project value is £33.621 million.

(c)      That additional development costs of £4.031 million are approved in order to progress the scheme to decision point 4 (FBC), taking the total project approval to £5.536 million.

(d)      That the Combined Authority enters into a funding agreement with Calderdale MBC for expenditure of up to £810,000 from the WY+TF fund and £3.221 million from the TCF fund. This is in addition to the existing funding agreement for expenditure of £1.505 million from the WY+TF fund.

(e)      That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report. These will be subject to the scheme remaining within the tolerances outlined in the report.