Report of the Town Clerk
The Sub Committee considered a report of the Town Clerk setting out a number of projects that had not yet reached Gateway 5 of the City’s Project Procedure and were no longer being progressed. It was therefore recommended that Members approve that the projects be closed. The Chairman introduced the item and advised that the closures should be scrutinised on behalf of Service Committees. The closures would result in significant sunk costs and the Sub Committee should ensure that all closures were for the right reasons, particularly where significant amounts had been spent.
The Director of the Built Environment then explained the background of the Fleet Street Corridor and Bus Reliability Schemes, which had incurred significant costs, setting out the reasons behind the pausing and subsequent proposed closure of the projects, as well as the learning points.
The Chairman commented that the lessons learned were key, and advised that a number of the projects recommended for closure were historic. The Chairman added that projects were now more tightly initiated and managed, which along with changes to procedure around policy and finance should ensure that there should be far fewer projects closed with the loss of sunk funds.
RESOLVED – That the Projects Sub Committee consider and approve all listed projects for closure.