On 14
December 2021, Cabinet:-
(i) noted the submission to
Department for Transport (DfT) of the Outline Business Case (OBC) contained in
Appendix A: Exempt Information;
(ii) delegated authority to
the Managing Director, City Operations, in conjunction with the Director of
Council Management and in consultation with the Cabinet Members for Transport
and Environment and Finance and Resources to continue to negotiate a commercial
agreement to determine the future approach to the contract that is within the
parameters of the acceptable terms (as described in Appendix A: Exempt
Information);
(iii) authorised the Assistant Director, Highways
and Infrastructure to:
(a) negotiate
and approve further extension(s) to the Restructuring Period initially to 29
April 2022 and then as necessary to ensure that the procurement of a long-term
replacement subcontractor can be completed on acceptable terms to the Council;
and
(b) develop
and implement further programmes of capital investment works of up to £50.75m,
as described in paragraphs 3.18 to 3.28, which will be funded from existing
Highways PFI reserves.
THE
DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY
20 DECEMBER 2021.