Fund­ing in place for street work

The Peterborough Evening Telegraph - - Uk&world Update -

FUND­ING has been se­cured for re­fur­bish­ment work on Bridge Street in Peter­bor­ough city cen­tre.

Coun­cil leader Marco Cer­este re­vealed that work to re­vamp the re­tail street could be com­pleted by the end of the year af­ter £400,000 of fund­ing was se­cured from a pri­vate prop­erty devel­op­ment firm.

Al­though draft im­ages of pro­posed work on the street have pre­vi­ously been pub­lished by the coun­cil, more com­pre­hen­sive plans are cur­rently be­ing drawn up.

The work is likely to see some of the trees re­moved, the in­tro­duc­tion of new benches and light­ing fix­tures and po­ten­tially the re­lo­ca­tion of the Open Air Burger Van near the Cathe­dral.

Cllr Cer­este said: “We are hop­ing to have some plans avail­able very shortly for the pub­lic to have a look at and com­ment on.

“We will then look at sched­ul­ing in dates for the work, as we don’t want build­ing work to be go­ing on in the run-up to Christ­mas.

“If we can get it done in time for Christ­mas then we’ll do that, then if not we will leave it as it is over the fes­tive pe­riod, and start im­me­di­ately in the New Year.”

One project which is likely to change from its orig­i­nal plans is the £450mil­lion pro­pos­als for North West­gate.

Orig­i­nally the scheme was for 60 re­tail units, along with a mix­ture of res­i­den­tial and com­mer­cial prop­er­ties. How­ever, the fi­nan­cial cri­sis means that there are likely to be fewer shop units than first hoped.

Nonethe­less, Cllr Cer­este hopes that work can be­gin on both the City West and the sec­ond phase of the South Bank projects in two years time.

Among the in­vestors at the con­fer­ence will be agents rep­re­sent­ing the Govern­ment, which plans to move 5,000 civil ser­vice jobs out of London but has still to de­cide where to re­lo­cate them.

City MP Ste­wart Jack­son said: “It’s a good way of try­ing to bring in money from the pri­vate sec­tor to move for­ward on re­gen­er­a­tion projects like South Bank and the Sta­tion Quar­ter.

“I also think the city needs to take the chance to bring Govern­ment jobs from London, as it is cheaper and has good trans­port links.”

John Bridge, chief ex­ec­u­tive of Peter­bor­ough Cham­ber of Com­merce, said the con­fer­ence is vi­tal if the city is to grow in the face of pub­lic fund­ing cuts.

“It is im­por­tant we look for in­no­va­tive ways to fund re­gen­er­a­tion projects.”

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