Decision Details

Implemented

Transportation and Highways Funding Strategy 2017/18 to 2022/23 PDD

Yes

No

No

003077/2017

No

Report of Strategic Director for Economy

Tue 16 May 2017

To seek approval to the Progress Report setting out the new Transportation and Highways Capital Programme for 2017/18 to 2020/21 and allocate new Integrated Transport Block (ITB) capital funding available through the Local Transport Capital Settlement process

OLD - Development, Transport and the Economy

Cabinet

1 Diamond

over £1m capital

1. Updated Transportation and Highways Capital Funding Strategy 2015/16 to 2020/21 – Programme Definition Document – 16th February 2016 2. Local Growth Fund Transport and Connectivity Projects: Programme Definition Document - Report of the Deputy Chief Executive to Cabinet - 16th March 2015

Committee

Cabinet

1. Updated Transportation and Highways Capital Funding Strategy 2015/16 to 2020/21 – Programme Definition Document – 16th February 2016 2. Local Growth Fund Transport and Connectivity Projects: Programme Definition Document - Report of the Deputy Chief Executive to Cabinet - 16th March 2015

On 16 May 2017, Cabinet:- (i) Approved the Programme Definition Document (PDD) provided as Appendix A (including annexes A to F setting out schemes, programme governance and prioritisation criteria) to the report at a total estimated cost of £218.835m; (ii) Approved an allocation of £5.170m in 2017/18 of new Integrated Transport Block (ITB) funding provided through the devolved transport grant process and noted that allocations from 2018/19 will become a West Midlands Combined Authority Mayoral budget responsibility; (iii) Approved acceptance of £0.990m Air Quality Grant (revenue) from the Department for Environment, Food and Rural Affairs (DEFRA) and £1.897m capital grant from the West Midlands Combined Authority (WMCA) as part of the National Productivity Investment Fund (NPIF); (iv) Approved the release of development funding of £2.793m for 2017/18 (£1.628m ITB, £0.990m Air Quality Grant and £0.175m NPIF) to progress individual projects to Project Definition Document (PDD) and Full Business Case (FBC) stage in accordance with the Council’s Gateway and Related Financial Approval Framework (GRFAF)or the delegations set out in (viii)-(xi) below; (v) Approved prudential borrowing of £6.0m to meet cost pressures, local contribution commitments and opportunities associated with Local Growth Fund and Network Rail programmes for repayment over a 15 year period from net surplus bus lane enforcement income; (vi) Noted that prudential borrowing will be formally committed at project Full Business Case stage in accordance with the Council’s GRFAF, with new resources and windfalls used to offset the requirement for borrowing wherever possible; (vii) Noted that a funding strategy will be developed over the next 6 months to establish how local contribution requirements will be met in respect of the A38 (M) Tame Valley Viaduct and A457 Dudley Road Local Growth Fund major projects; (viii) Delegated approval of all Project Definition Documents and Full Business Cases for named projects and programmes detailed in Appendix A (Annex F) of the report to the Corporate Director, Economy, up to a maximum value of £1.0m; (ix) Delegated approval of all Project Definition Documents and Full Business Cases for named projects and programmes detailed in Appendix A (Annex F) of the report to the relevant portfolio holders, jointly with the Corporate Director, Economy, up to a maximum value of £10.0m; (x) Delegated authority to bid for and accept external capital and revenue resources consistent with the policies and objectives of the West Midlands Strategic Transport Plan, Birmingham Development Plan and Birmingham Connected transport strategy to the Corporate Director, Economy, in conjunction with the Chief Finance Officer, up to a maximum value of £1.0m; (xi) Delegated authority to bid for and accept external capital and revenue resources consistent with the policies and objectives of the West Midlands Strategic Transport Plan, Birmingham Development Plan and Birmingham Connected transport strategy to the relevant portfolio holders, jointly with the Corporate Director, Economy, in conjunction with the Chief Finance Officer, up to a maximum value of £10.0m; (xii) Noted that budgets will be updated via the quarterly monitoring processes at quarter one to reflect the above recommendations and resourcing set out in Appendix A (Annex F) of the report; (xiii) Authorised the City Solicitor to negotiate, execute and complete any necessary legal documentation to give effect to the above recommendations. THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 22 MAY 2017.

No