MD1377 Old Oak Common – Development Infrastructure Funding Study
As part of the Old Oak Common Opportunity Area Planning Framework (OAPF) and the potential establishment of a Mayoral Development Corporation (MDC), it was proposed to carry out a Development Infrastructure Funding (DIF) study for Old Oak.
The DIF study, once complete, will identify future infrastructure requirements to support the proposed level of development of 24,000 new homes and 55,000 new jobs. The DIF study will also include a set of recommendations for how to fund delivery of this infrastructure.
On 5 March 2014, DD1169 ‘Old Oak Common – Development Infrastructure Funding Study’ was signed off approving a spend up to £120,000 on this project. However, the final cost for the study has now been identified of up to £200,000. This increased cost is considered necessary as a result of a detailed procurement exercise and also as a result of additional tasks added to the project brief during the inception meeting with the consultant team.
Approval is sought for additional expenditure of up to £80,000 taking the total expenditure to £200,000 in order to complete the study funded from the Pre-Application Planning Reserve.