Business Case For South Devon Link Road Submitted26th January, 2011
Devon County Council and Torbay Council have worked together to submit a new business case for the South Devon Link Road which saves over ?16m on the original proposals.
In the new proposals, the two authorities have reduced their bid for central government funding from ?108m to ?75m, as they have pledged to increase their contribution from ?12.5m to ?33m. ?16.7m worth of savings have also been made on the overall cost of scheme, which had risen to ?125m due to the recent delays imposed by Government, making the revised scheme cost ?108.3m.
The savings have been created by imposing a constant speed limit, streamlining junctions and slip roads, and deferring some of the more minor aspects of the scheme until a later date. Some street lighting will also be omitted, which will also help make the scheme more environmentally friendly and cutting its carbon footprint.
The two councils have also agreed to underwrite the amount already spent on developing the scheme, saving ?5m.
Councillor Stuart Hughes, Devon County Council Cabinet Member for Highways and Transportation said: ?We recognise this is a very important route that is key to developing the economy of Torbay but will also be vital in helping to grow the economy of Devon too. The new proposals underline our commitment to the project and by working together we have managed to achieve some substantial savings. It is clear from the research that this road will create substantial benefits - for every pound spent we will save ?9 in benefits, so that is a very significant gain for everyone.?
Elected Mayor of Torbay, Nick Bye, said: ?We are very pleased by the support that the community has shown for the project ? plenty of people have been writing into the Minister to show how the scheme will bring benefits for business, residents and visitors alike. I would encourage everyone to make their voices heard ? this is a real chance to create a positive change for Torbay and help generate new jobs, new opportunities and improve the quality of life for everyone living alongside the old road.?
The new case has been submitted for consideration by the Department of Transport and will be available to view on the Devon county website: devon.gov.uk on Friday 21 January 2011.
The Department for Transport is expected to make its decision by the end of the month.