Portishead rail line: what are the costs?
Phase I of the MetroWest project hopes to re-open the Portishead rail line to passenger train services.
It also plans to enhance local passenger train services on the Severn Beach and Bath to Bristol lines including a new rail station at Portishead and the reopening of the former station at Pill.
The project was originally estimated to cost £58.2 million - which has now risen to between £145m to £175m.
So where have costs spiraled?
ORIGINAL COST EXPECTATION:
Where did it come from?
£4.3 million from the local Councils
£53.4 million from the WoE LEP Local Growth Fund
£0.5 million was yet to be funded.
HOW MUCH HAS IT COST TO DATE?
Approximately £8million has already been invested in the investigations, preparations and design of the scheme by the Councils and the Local Enterprise Partnership through the Local Growth Fund.
A further £950k has been invested by North Somerset Council in strategic land acquisition.
WHY HAS IT INCREASED SO MUCH?
A "significant increase" in the scope of work through the Avon Gorge to meet safety standards, allowing the passenger service to run twice an hour.
Creating an alternative access from the A370 to compensate for two trains an hour alongside the existing freight services at the Ashton Vale Level crossing.
The impact of this on the land.
Increased risks associated with the project