Fiscal stimulus: Road resurfacing West Park to Cheapside, St. Helier

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A decision made 7 December 2009 regarding: Fiscal stimulus: Road resurfacing West Park to Cheapside, St. Helier.

Decision Reference: MD-TR-2009-0202
Decision Summary Title:	Fiscal Stimulus Budget Allocation – Transport & Technical Services Department - West Park to Cheapside		Date of Decision Summary:	3rd December 2009
Decision Summary Author:	Treasurer of the States		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Allocation of fiscal stimulus funding to West Park to Cheapside Project		Date of Written Report:	3rd December 2009
Written Report Author:	Fiscal Stimulus Programme Manager		Written Report : Public or Exempt?	Public
Subject: Economic Stimulus Plan: budget allocation to the Transport and Technical Services department for the delivery of the West Park to Cheapside (Phase 1) project.
Decision(s): The Minister approved the allocation of £228,000 to the West Park to Cheapside (Phase 1) project to the Transport and Technical Services department, which will be transferred to the department budget as soon as possible. This will enable the construction contract to be let to the contractor which submitted the preferred tender. He further instructed the civil infrastructure project group to report on spend of all stimulus monies, and project progress/performance, on a monthly basis in accordance with guidelines set by the Treasury.
Reason(s) for Decision: A discretionary fiscal stimulus allocation from the Stabilisation Fund of £44m has already been approved. The project meets the key criteria for fiscal stimulus being timely, targeted and temporary and will benefit local business and individuals. The £228,000 allocation to the project will enable the civil infrastructure project group to let the contract and deliver the scheme in accordance with the critical path.
Resource Implications: No financial resource implications other than those explained above and in the accompanying report. No manpower resource implications.
Action required: Treasury to be informed of decision to release necessary funds to the Transport and Technical Services department budget.
Signature:		Position: Senator P F C Ozouf, Minister for Treasury and Resources
Date Signed:		Date of Decision: