Agenda item

Report of the Director of the Built Environment.

NB: This report is due to be considered by the Streets and Walkways and Projects Sub-Committees. Appendix 2 at item no. 13 should also be read in junction with this item.

 The Sub-Committee considered a report of the Director of Built Environment concerning Aldgate Highway Changes and Public Realm Improvements and the use of On-Street Parking Reserve (OSPR) to fund the project’s construction and that the local risk budgets of Highways and Open Spaces be increased.

Members commented that they looked forward to reading the joint Lessons Learnt report, which would follow in Summer 2018 and be reported to Projects Sub Committee.

Some Members discussed whether costs at the beginning of projects were estimated correctly, but discussion on the whole concluded that the City Corporation had, in general, improved its project management skills.

One Member highlighted how the end project was a significant regeneration project and of high value to the City. 

RESOLVED, that:

• The use of OSPR to fund up to £3m of the project’s construction be approved, to be off set from the provision set aside for the All Change Bank project; and
• That the revenue implications of the scheme be met by an increase to the annual departmental local risk budgets of Highways (£75k) and Open Spaces (£40k) from the OSPR.