Issue - meetings

Leeds Station Sustainable Travel Gateway

Meeting: 07/10/2020 - ARCHIVED - West Yorkshire and York Investment Committee (Item 19)

Leeds Station Sustainable Travel Gateway

Decision:

(i)          In respect of the TCF Leeds Rail Station Sustainable Travel Gateway the Investment Committee approved that:

(a)        The Leeds Station Sustainable Travel Gateway (LSSTG) scheme proceeds through decision point 3 (outline business case) and work commences on activity 5 (full business case plus finalised costs)

(b)        An indicative approval to the Combined Authority’s contribution of £32.44 million (which will be funded through £31.69 million from the Transforming Cities Fund, £500,000 from the West Yorkshire plus Transport Fund and £250,000  from the Leeds Public Transport Investment Programme) is given with full approval to spend being granted once the scheme has progressed through the assurance process to decision point 5 (Full busines case with finalised costs). A further £100,000 in match funding will come from Network Rail taking the total project cost to £32.54 million.

(c)         Development costs of £3.01 million are approved, to progress the scheme to decision point 5 (Full business case with finalised costs), taking the total approval to £5.094 million

(d)        The Combined Authority issue an addendum to the existing Funding Agreement with Leeds City Council for expenditure of up to £5.094 million from the Transforming Cities Fund.

(e)        Future approvals are made in accordance with the assurance pathway and approval route outlined in this report including at decision point 5 (Full business case plus finalised costs) through a delegation to the Combined Authority’s Managing Director following a recommendation by the Combined Authority’s Portfolio Appraisal Team. This will be subject to the scheme remaining within the tolerances outlined in this report.