Issue - meetings

To consider a report of the Director of Economy, Transport and Environment regarding the M27 Junction 10.

Cabinet considered a report of the Director of Economy, Transport and Environment regarding the M27 Junction 10.

The report updated Cabinet following two previous reports. It was confirmed that as a result of regular meetings with all involved since February a maximum funding envelope of £97 million was now available; the Highways England role had been defined and an MoU would be signed providing a safety net against cost increases; and the grant would be split between the motorway junction and other areas of development. It was recognised that some risks of cost overrun remained but that everything was now in place for the project to be delivered with a Section 106 agreement due to be signed shortly and planning permission progressing. Cabinet noted that a project of this scale was only possible due to Hampshire’s size, capacity and knowledge.

The recommendations set out in the report were considered and agreed. A decision record is attached to these minutes.