Extending Notts tram system seen as ‘high value for money’

07 September 2007
 
Nottingham’s city and county councils have stressed that extending the city’s tram system is ‘high value for money’ in their statement of case to the Government.

The Government last year granted initial approval for the £482M, 17.5km second phase of the Nottingham Express Transit, which rose from around £300M in 2004, largely due to construction inflation and the ‘optimism bias’ the Treasury requires.

Promoters state the cost-benefit ratio would fall in excess of two and this does not include benefits such as underpinning economic vitality and improving accessibility to health.

The performance of the NET phase two proposals has been tested against lower cost alternatives such as high-quality ‘tram-like’ buses.

These strategies would ‘provide economic benefits commensurate with their scheme cost, but at lower levels than NET proposals’. There were indications that the first phase of NET encouraged investment, including a multimillion mixed-use development alongside the Lace Market stop, and new flats overlooking the tram’s The Forest park-and-ride site.

John Taylor, chairman of the NET development board, has reported healthy interest from firms in a new contract to run all three of the city’s tramlines. The 27-year contract with Arrow Light Rail Limited Consortium – including Bombardier, Carillion, Nottingham City Transport and Transdev – would be terminated, and a new contract for three proposed lines, including routes to Beeston and Clifton, would be let.

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