Resolved: That the Investment Committee recommends to the Combined Authority that, subject to the conditions set by the Programme Appraisal Team:
(i) That the Real Time information System scheme proceeds through decision point 4 (full business case) and work commences on activity 5 (delivery).
(ii) That approval to the Combined Authority’s contribution of £1.404 million (which will be funded from capital receipts or the Local Transport Plan (Integrated Transport Block) be given. The total scheme value is £2.376 million.
(iii) That future approvals are made in accordance with the assurance pathway and approval route outlined in the submitted report. This will be subject to the scheme remaining within the tolerances outlined in the report.
(iv) The following conditions have been set by the Programme Appraisal Team to gain Approval to Proceed to Delivery:
1. The total scheme cost is within those set out in the FBC approval.
2. Confirmation that capital receipts or Local Transport Plan (LTP) funding is available.
3. Confirmation of match funding from South Yorkshire Passenger Transport Executive (SYPTE).
4. Confirmation that a project board has been set up and met and that a Project Manager has been appointed.
5. Confirmation of maintenance / revenue costs and how these will be funded.