Upper Orwell Crossings: From £60m To £98m In 2 Years

Discussion in 'Upper Orwell Crossings' started by dan5, Aug 10, 2017.

  1. dan5

    dan5ModeratorStaff Member

    Messages:
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    How much would the Upper Orwell Crossings cost the taxpayer?

    In 2014 as part of the build up to the following years General Election campaign, Ben Gummer stated the Wet Dock Crossing (as it was known at the time) would cost £60m. (Third paragraph in the image)

    ipswich2020wetdockcrossing60m.png
    What is now apparent is figures of close to £100m are being suggested as the end cost. If we take the figure of £98m which has been officially circulated, at the time of the design competition tender award this project has jumped £38m in two and a half years.

    Work is anticipated to begin 2020 (some suggestions of 2019). At a similar rate of 64% in that time the project cost could be as much as £161m as work begins. Funding of only just over £77m has been allocated from central government. A possible shortfall of £84m! We already know Suffolk County Council is contributing to it too, but not that much!

    Any local authority enforced Community Infrastructure Levy to recoup this will just discourage investors elsewhere. I suppose the developers for the northern fringe are looking worried about needing to pay out this.
     
    Welcome to the new IPSWI beta!
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