RESOLVED
(a) that the allocated budgets to the Local Transport Plan Integrated Transport Block (LTP ITB) schemes in 2024/25 and 2025/26 as included in Appendix 1, be approved, noting the level of overprogramming planned;
(b) that the increase of the 2024/25 capital programme by £2.888 million, be approved, with £2.295 million from developer contributions, £457,000 from external contributions and £137,000 LTP external grant. The schemes being listed in Appendix 1;
(c) that the increase to the 2025/26 capital programme by £559,000, be approved, funded from developer contributions. The schemes being listed in Appendix 1;
(d) that the amendments to the Integrated Block allocations be delegated to the Director of Climate Change, Environment and Transport in consultation with the Cabinet Member for Climate Change, Environment and Transport and the Cabinet Member for Highway Management;
(e) that the virement of £1.75 million external borrowing in 2025/26, from
Sandy/Holland Road and £601,000 from Spine Road Phase 1B, to the A38 Deep Lane pedestrian & cycle bridge be approved. This is within the Plymouth and South Devon Freeport project;
(f) that the virement of £2.151 million seed external contribution in 2024/25 from Sandy/Holland Road, to Spine Road Phase 1A of £1.3 million and £851,000 to A38 Deep Lane pedestrian and cycle bridge be approved. This is within the Plymouth and South Devon Freeport project; and
(g) that the Sandy/Holland Road seed external contribution in 2024/25 be reduced, by £1.099 million, with £800,000 reallocated to support delivery of an access road for employment units at Langage Business Park, and £299,000 supporting fencing works to enable development at the Plymouth-based South Yard tax site. Both projects are within the Plymouth and South Devon Freeport project.