Allocation of Funding Received from the Transport Infrastructure Investment Fund
Decision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
The Department for Transport has announced funding under the heading Transport Infrastructure Investment Fund that pulls together a number of previously announced funding streams including the 2020/21 Challenge Fund and the Pothole Action Fund. The allocation for Lancashire is £15,891,000. It has been confirmed that it is not ring-fenced and that authorities can spend on capital projects such as preventative maintenance and storm damage as a result of the severe weather events earlier in the year.
The additional funding announcement gives us a number of opportunities.
This is deemed to be a Key Decision and the provisions of Standing Order C19 have been complied with.
Cabinet considered a report setting out proposals for the allocation of funding received from the Department for Transport's Transport Infrastructure Investment Fund.
(i) The allocation of additional Transport Infrastructure Investment Fund money of £15,891,000 to the 2020/21 Capital Programme as described in the report, be approved.
(ii) The funding of the A601(M) bridge and highway maintenance scheme be approved.
(iii)The funding of the storm damage schemes detailed in Appendix 'A' be approved.
(iv)The apportionment of funding to preventative maintenance schemes detailed in Appendix 'B' be approved.
(v) The Moss Roads programme for 2020/21, detailed in Appendix 'C', which included the schemes funded from the approved Capital Programme agreed by Cabinet in March 2020 and those funded from the Transport Infrastructure Investment Fund, be approved.
Report author: Paul Binks
Date of decision: 09/07/2020
Decided at meeting: 09/07/2020 - Cabinet