Decision Maker: Transport & Connectivity Policy Committee

Outcome: Recommendations Approved

Is Key Decision?: Yes

Is Callable In?: Yes

Date of Decision: February 6, 2025

Purpose: To seek approval for additional funding to cover the costs of a partial bank collapse and increased delivery costs, reprofile the delivery timescale and consider wider contractor costs.

Content: That the Committee for Transport and Connectivity: 1.    Approved the pausing or stopping of charging delay damages to KB and refund those levied to date (without prejudice). 2.    Accepted new funding from CRSTS over-programming (£3.5m) and EDF (£2.7m). 3.    Approved increasing the budget of the Harbour Walkway project from £3.5m to £6.2m, plus the existing £3.5m – a total of £9.7m. 4.    Approved the use of up to £3.5m of the existing project budget to negotiate an agreement with KB. 5.    Authorised the Executive Director Growth and Regeneration in consultation with the Committee Chair for Transport and Connectivity to extend/ vary the contract as necessary to enact recommendations 1 and 4. 6.    Authorised the Executive Director for Growth and Regeneration to invoke any subsequent extensions/ variations specifically defined in the contract(s) being awarded, up to the maximum budget envelope outlined in this report as per recommendation 4.