Agenda item

Report of the Director of the Built Environment

The Sub-Committee considered a report of the Director of the Built Environment seeking Gateway 5 approval for Phase 2 of the Leadenhall Street pedestrian crossing project.

The Director of the Built Environment advised Members of several amendments to the financial costs of the project. The pre-evaluation budget as set out on the dashboard should be amended from £132,579, to £271,183 of approved of £356,712. The cost of construction as set out on the dashboard should be amended from £520,284 to £458,518. The total estimated cost for Phases 1 and 2 as set out on the dashboard should be amended from £1,125,572 to £976,448.

The Sub-Committee was also advised of an amendment to the second approval requested in the recommendations to the report. The Sub-Committee was now asked to approve the allocation of a sum of £371,160 from the LCFEIW payment of the Section 106 agreement for 52-54 Lime Street, to the Phase 2 works, rather than the £432,926 originally set out.

The Director of the Built Environment informed the Sub-Committee that the pedestrian crossing project had been approved some time ago. A temporary crossing had been put in place at first, and officers now brought forward a permanent solution. Members were advised of the general arrangement plan set out in the appendix to the report, and that the whole junction would be signalised.

A Member asked the Director of the Built Environment to confirm the costs of the projects, as the figures set out initially in the report had been approved by the Projects Sub-Committee, and asked why the figures had now changed. The Director of the Built Environment responded that a saving of around £60,000 had been made on the project due to Transport for London improvements in technology, and assured Members that the amended figures as reported were correct.

RESOLVED – That the Streets & Walkways Sub-Committee:

a)    Approve the use of the underspend and unallocated monies from the Phase 1 & 2 pre-evaluation funds for the purposes of implementing the crossing;

b)    Approve the allocation of a sum of £371,160 from the LCFEIW payment of the Section 106 agreement for 52-54 Lime Street, to the Phase 2 works;

c)    Note that any monies remaining of the LCFEIW payment be allocated towards the provision of local facilities and the environment in accordance with the agreement;

d)    Approve the Phase 2 implementation budget setup, as set out in Table 3 of Appendix 2; and

e)    Approve Phase 2 design proposal and grant authority to start work.