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Funding Agreement Funding Agreement between HCA

HOMES & COMMUNITIES AGENCY Published 18 Nov 2016 Contracts Finder

key details

Value£11,000
Statuscomplete
Category (CPV) 79100000
RegionSouth East
Deadline29 Mar 2016
Contract start29 Mar 2016
Contract end23 Aug 2016
SME suitableNo
OCIDocds-b5fd17-339521e1-adca-11e6-9901-0019b9f3037b

Award

SupplierValueDateStatus
Pinsent Masons £11,000 28 Mar 2016 active

description

Funding Agreement between HCA and Ashford Borough Council regarding to M20 Junction 10a.

Highways England is delivering a new motorway junction (known as Junction 10a) close to the existing Junction 10 of M20 in Ashford Kent. The total project costs are estimated to be £86m. of this £16m will be funded by developer contributions through S106 and S278 Agreements and through CIL and will be collected by Ashford Borough Council. However; these contributions will not become due until a Development Consent Order has been obtained and; in most cases; until after the junction has been built. There is; therefore; a cash flow issue regarding the timing of the funding needed. The HCA is proposing; subject to approval; to enter into a funding agreement with Ashford Borough Council which will allow the Council to provide the funding to Highways England. The Council will repay the HCA as developer contributions are received.

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
18 Nov 2016 Award (award) · 106b484b-3090-45b8-b78a-b38519edec86-109808

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