In addition to the usual oral hearings, a report for the upcoming Executive meeting on 19 June
has been published.
When BBC became the project sponsor in October 2018 they budgeted £27.4 million (including S106 funds) for the station in their capital programme. Jon Shortland (Chief Officer for Planning, Infrastructure and Economic Growth) recommends the Executive make the following proposals at the next Full Council meeting:
* Enter into the Implementation Agreement (IA), with NR's Investment Panel planning to consider the same on 28 June.
* Approve a revised capital budget of £59m for the station.^ (The latest cost estimate from NR is £63.5m, for what that is worth)
* Reallocate £6.4m of CIL funds from Sharnbrook Primary and Bromham Road Cycle Bridge (increased borrowing will be required to fill the gap).
It is also confirmed the IA must be signed by 29 July to unlock agreed S106 funds (£13.4m from L&Q Estates, plus £5.3m from Miller Homes / O&H as part of Wixams lies in Central Bedfordshire). The draft IA makes provision for its termination should Universal & central government reach agreement on terms regarding the proposed theme park and associated infrastructure (including a four-platform station), but Shortland rejects foregoing or delaying a sign-off.
If the Full Council approves on 10 July then works start in September 2024 for a station opening in 2026.
A letter of support from GTR was received last month.
[^ The extra £31.6m incurred between October 2018 and today is as follows - £8.5m for past inflation, £5.9m for expected future inflation, £3m for line possessions, £3.9m for NR design work (including the second footbridge), and £10.3m for contingency]