Resolved: In respect of South Bradford Bus Park & Ride and Expressway –
That following a recommendation from the Investment Committee, the Combined Authority approves:
(i) That the South Bradford Bus Park and Ride and Expressway project proceeds through ?decision point 2 (strategic outline case)? and work commences on ?activity 3 (outline business case).
(ii) That an indicative approval to the total package value of £20 million is given from the Transforming Cities Fund with full approval to spend once the package has progressed through the assurance process to decision point 5.
(iii) That £335,000 of development costs have been approved to date for this scheme and a further £1.02 million development funding is be approved from the Transforming Cities Fund are requested to take the scheme to decision point 3 (outline business case) bringing the total funding approved to £1.36 million
(iv) That the Combined Authority enters into an amended funding agreement with Bradford Council for this scheme up to £1.02 million from the Transforming Cities Fund bringing the total scheme approval to £1.34 million
(v) That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report including at decision point 5 through a delegation to the Combined Authority’s Managing Director following a recommendation by the Combined Authority’s Programme Appraisal Team. This will be subject to the package remaining within the tolerances outlined in the report.