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.