The 22 ha regeneration scheme will see Portsmouth City Council deliver extensive improvements including a new access road to the site from the M275 and a new Park & Ride scheme.
A joint venture between Volker Fitzpatrick and Colas will begin work in January on the £20m new motorway junction, comprising northbound and southbound on/off slip roads.
Remediation specialist Cognition Land & Water will be carrying out much of the land improvement work, with another specialist HBR doing bioremediation.
Norman Baker said:”The £19.5m we are putting into this scheme shows that the Coalition Government is serious about investing in the infrastructure the country needs to drive economic growth.”
“This important scheme will encourage regeneration of the Tipner site by opening up access to the area for businesses and visitors.
“The new junction on the M275 and the new park and ride scheme will be a huge boost for the area – helping to deliver new homes and new jobs as well as reducing congestion and encouraging visitors to the city”, he added.
Masterplan for the area
• 1,600 new homes (of which 30% are proposed to be affordable housing)
• 25,000 sq m of employment for 1500 new jobs
• a high quality Park and Ride facility
• a hotel
• a residential tower
• waterside public open space
• a new motorway junction
