The Ryde Gateway Interchange project, that has been in development for many years, is possibly going to be cancelled on Tuesday next week.
We were given the heads up on this by a commenter on VB, ‘anton‘, and have been researching the story with people ‘in the know’ around Ryde today.
Confirmation of the future of the Gateway being discussed came in the form of meeting notes for the 13th October Cabinet meeting (PDF).
The paper is quite involved and explains how costs of the project have risen and concludes with a recommendation of
It is recommended that Option 2 is implemented:
Cabinet agrees to terminate the Ryde Gateway Project and, in doing so, agrees to give consideration to allocating £1,500,000 to undertake improvements to the public realm and Council assets in Ryde, aligned with the Council’s corporate priorities, following consultation with the relevant Ward Members and the Town Council.
More details shortly.
UPDATE: Sorry, due to a lack of time (how to change that), we didn’t get a chance to get back to this one, but suspect that those interested in the detail would have read through the document PDF themselves.