Agenda item

There were two urgent items:

Request for Delegated Authority: London CIV

The Committee considered a report of the Chamberlain which sought delegated authority in relation to the appointment of a shareholder representative to serve on the London Local Government Pension Scheme Collective Investment Vehicle Ltd (reg no: 09136445) (the London CIV).

RESOLVED: That authority be delegated to the Town Clerk in consultation with the Chairman and Deputy Chairman to confirm the City of London Corporation’s representative shareholder on the London CIV Ltd.

Gasworks at Victoria Embankment

The Chairman of the Planning and Transportation Committee took the opportunity to remind Members of the programmed works that Transport for London, Thames Tideway and Cadent Gas had planned for a four- to six-week period on Victoria Embankment from early August, which would require a westbound closure and could therefore have traffic implications for the City. In addition, it had now been suggested that final works in 2019 could require a closure of the Embankment in both directions for up to six months. Consequently, he wished to alert Members to this proposal given that such a closure was unprecedented for that location and could have major consequences on traffic in much of Central London, as well as requiring a moratorium on all other major planned works elsewhere in the City.

The Chairman advised that, now that City officers were aware of this possibility, he had instructed them to vigorously challenge the basis on which TfL, Tideway and Cadent wished to proceed next year. He added that he would endeavour to update all Members on the outcome of this challenge once more information became available.