A629 (Phase 4)
Decision:
(i) That in respect of the A629 Phase 4 the Investment Committee recommends to the Combined Authority:
(a) That the A629 Phase 4 scheme proceeds through decision point 3 and work commences on activity 4 (full business case).
(b) That an indicative approval to the total project value of £25.928 million is given from the West Yorkshire plus Transport Fund with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5 (full business case with finalised costs.)
(c) That additional development costs of £3.94 million be approved in order to progress the scheme to decision point 5 (full business case with finalised costs) taking the total project development cost approval to £4.585 million.
(d) That to fund land acquisition costs of up to £2.5 million be approved, with final approval to claim against this approval delegated to the Combined Authority’s Managing Director when finalised costs are known.
(e) That the Combined Authority enters into an addendum to the existing Funding Agreement with Calderdale Council for expenditure of up to £7.085 million from the West Yorkshire plus Transport Fund.
(f) That future approvals are made in accordance with the approval pathway and approval route outlined in this report including at decision point 4 and 5 through a delegation to the Combined Authority’s Programme Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in this report.
Minutes:
(i) That in respect of the A629 Phase 4 the Investment Committee recommends to the Combined Authority:
(a) That the A629 Phase 4 scheme proceeds through decision point 3 and work commences on activity 4 (full business case).
(b) That an indicative approval to the total project value of £25.928 million is given from the West Yorkshire plus Transport Fund with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5 (full business case with finalised costs.)
(c) That additional development costs of £3.94 million be approved in order to progress the scheme to decision point 5 (full business case with finalised costs) taking the total project development cost approval to £4.585 million.
(d) That to fund land acquisition costs of up to £2.5 million be approved, with final approval to claim against this approval delegated to the Combined Authority’s Managing Director when finalised costs are known.
(e) That the Combined Authority enters into an addendum to the existing Funding Agreement with Calderdale Council for expenditure of up to £7.085 million from the West Yorkshire plus Transport Fund.
(f) That future approvals are made in accordance with the approval pathway and approval route outlined in this report including at decision point 4 and 5 through a delegation to the Combined Authority’s Programme Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in this report.