Lowestoft tilting bridge costs could rise by £54m

Grant Prior 2 years ago
Share

The cost of building a tilting bridge over Lake Lothing in Lowestoft could soar by up to £54m.

Suffolk County Council is set to approve plans for Lowestoft’s Lake Lothing Third Crossing next week.

And the council has confirmed the budget has risen from an initial estimate of £91.73m to £126.75m plus an additional contingency of £19m for “unforseen risks”.

BAM Nuttall was originally chosen to design and build the scheme two years ago but the council decided to rebid the job last summer after failing to agree final costs.

Councillor Matthew Hicks, Leader of Suffolk County Council, said: “It is true that the estimated cost is now higher than mentioned in our outline business case back in 2015.

“This is for many reasons such as increased land purchase costs and unforeseen delays.

“But our project team has gone into incredible amounts of detail to give us the most accurate cost projections possible for this report.

“This includes an emergency pot of money should any unforeseen issues arise and caters for any further complications caused by coronavirus.

“But thanks to the excellent management of the project, we have been able to keep costs down.

“For example, our decision to put out an open tender for the construction contract last summer, saved us around £12m and a fundamental change in the construction material of the bridge saved around £4.8m.”

Members of the council Cabinet will be asked to approve the project’s final budget next week before a main contractor is chosen in September and construction starts in the Spring of 2021.

Suffolk County Council will spend £6.9m of its own money, receive £73.39m of funding from the Department of Transport and borrow up to £64.96m.

Hicks added: “For every £1 that we spend on the bridge, the region will see £3 in economic benefit – that’s an incredible return.

“Lowestoft residents have been waiting a lifetime to see the bridge become a reality, and in just a few years I hope they will be able to walk across it.

“The project has experienced delays beyond our control, not least the general election in 2019 and of course the coronavirus pandemic.

“With no other unavoidable delays, we are working towards opening the bridge in the summer of 2023.”

Latest news

Eric Wright wins tricky £52m Liverpool transformation

Contractor working with engineers at Ridge and Partners on "challenging" Stanley Lock Flight site
19 hours ago

Investment giant buys Bristol M&E contractor

RDCP Infrastructure acquires Avon Combined Electrical Services
24 hours ago

Demolition start for £50m Farnworth town centre rebuild

Caddick Construction is tipped for main works due to start in the spring
1 day ago

L&G Modular strikes deal to build 1,000 affordable homes

Modular homes business teams up with Hampshire's Vivid housing association
1 day ago

Former Erith operations director joins John F Hunt

Scott Exell named new operations director at demolition specialist John F Hunt
1 day ago

Green light for £135m Leeds twin tower resi scheme

Construction to start in New Year on 500 build-to-rent apartments
2 days ago

Mace hits 1m tonnes carbon saving target for clients

Present work pipeline betters 2026 carbon emission saving target
1 day ago

Plans in for £40m surf park at former Kent colliery

Seahive surf lagoon and health resort will be built near Deal
2 days ago

Crushed demolition worker vows to return to industry

Shannon Brasier hoping to return to construction following horror accident
2 days ago

Mount Anvil to start 900-home North London estate rebuild

Planning approval paves way for Barnsbury Estate rebuild in Islington
2 days ago

Green light for major laboratory campus in Cambridge

Developer BioMed to tender first building on 600,000 sq ft lab complex in the New Year
2 days ago

Belfast firm signs the biggest work deal yet under Project Gigabit

Fibrus to hook-up rural Cumbria to lightning-fast broadband under £108m deal
2 days ago

McLaren wins Leeds logistics park contract

Work to start imminently on warehouse complex for Firethorn Trust
3 days ago

Work restarts on £683m waste power plant after site death

Construction suspended for a week of investigations following fatality
3 days ago

Demolition starts on £135m Wigan Galleries scheme

Contractor BCEGI starts work on project to redevelop Wigan town centre
3 days ago

Amey CEO to step down following private equity buyout

Amanda Fisher to leave once business is transferred to new owners
3 days ago

New body set up to vet plant operator card schemes

Contractor trades bodies unite to tackle competency concerns over plant operator skills cards
3 days ago

Kier leads switch to hybrid battery generators

Battery units work alongside smaller generators cutting run times by nearly 60%
3 days ago

Plans in for first Leeds co-living scheme

Watkin Jones submits plan to convert old Direct Line HQ into 230 studio flats
3 days ago

Demolition worker crushed by excavator

Court hears 20-year-old woman was left with "life changing injuries"
4 days ago

Government pays £700m for 50% stake in Sizewell C

New body, Great British Nuclear, will be set up to develop pipeline of nuclear projects
4 days ago

Costain wins Heathrow Airport asset renewal deal

Firm takes early contractor involvement role in Terminal 2 baggage handling upgrade
4 days ago

Worker killed on £683m waste power plant site

Fatal collision involving heavy goods vehicle on giant north London site
4 days ago

HS2 JV shifts four Wembley Stadiums of earth in record time

EKFB team digs and hauls 15 million cu m of muck in 20 months
4 days ago

Milestone wins £300m Wiltshire highways upkeep

Ringway will hand over to Milestone in March next year
4 days ago

Low-risk business model helps Renew post record results

Renew reveals latest acquisition with £15.6m purchase of water specialist Enisca
4 days ago

London Albert Embankment hotel towers approved

Two separate hotels rising to 26 and 29 storeys approved
4 days ago

Keltbray names new director of strategic engineering

Tim Lohmann takes up newly-formed role to drive innovative engineering solutions
4 days ago

Go-ahead for £200m lithium refinery on Teesside

Work to start next year on Europe's first lithium hydroxide processing plant
5 days ago

HS2 agency workers paid the wrong wages

Payroll software problems leave workers out of pocket
5 days ago

Contractor services