How

How will the project be funded?

Portsmouth City Council have been allocated £5.9m of grant funding from central government to progress the design phase of the project. This comes following approval of the scheme’s Outline Business Case by the Environment Agency, Defra and HM Treasury.

On completion of the initial design phase in late 2018 the council will present a Full Business Case to government to apply for the funding for the construction works.

Project costs breakdown

  • Appraisal costs   £0.8million
  • Design Costs  £7.1million
  • Construction Costs   £67.9milliion
  • Maintenance (100yr )  £19.5million
  • Risk Contingency    £19.2million
  • TOTAL WHOLE LIFE COST  £114.5million

 

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