News

Local projects set to benefit from further 1.88m funding

Thursday, 5 July 2018

A NUMBER of capital projects across the district are to progress after councillors agreed to allocate thousands of pounds worth of funding.
Yesterday afternoon (Tuesday), a report presented to Derry City and Strabane District Council's Governance and Strategic Planning Committee recommended the allocation of monies towards a number of capital projects and other corporate priorities within council's Capital Plan.
The report outlined to elected members the progress of 40.09m worth of fully funded capital investment projects currently being undertaken.
Councillors approved the allocation of 1.88m funds to continue the projects, building on the 117m already invested in capital development since the inception of the new council.
The extensive list of projects spanning the whole council area set to benefit from the funding include the upgrading of the Melvin Sports Complex, play parks for the Magheramason and Newtownstewart areas and a new 3G pitch in Sion Mills.
Elsewhere, around 200,000 has been set aside for facilities in the Donemana and Plumbridge areas which were badly damaged during the freak flooding in August last year.
Council's lead finance officer, Alfie Dallas, explained that the allocation was made possible by council's Efficiency Plan which has realised recurrent savings of over 2m to date.
"The completed and in progress projects to date represent a significant investment by the new council in capital projects across the city and district," he said.
"The total value of these projects is almost 77m, of which 43.64m has been secured from external sources, representing significant leverage on council investment.
"Subject to funding, council is progressing a range of strategic projects which will require significant investment including strategic leisure projects at Templemore and Strabane, the Canal Basin, Foyle Street and Queen's Quay riverside regeneration projects.
"Council has already allocated a capital sum of 2.447m to progress the strategic leisure projects to detailed business case and design stages. A significant priority for council in the upcoming rates will be to grow this fund and explore all potential avenues of funding to progress these projects which are already included as part of council's City Growth Deal proposals."
SDLP councillor, Gus Hastings, chairman of the committee, said the financial investment demonstrated council's commitment to pursuing an ambitious capital development strategy set out in the Strategic Growth Plan.
"The capital investment projects currently being progressed by council will not only enhance the city and district's physical and virtual connectivity, but will provide new opportunities to develop skills, improve wellbeing, increase tourism and provide opportunity for economic opportunity.
"Officers are working closely with central government departments around growth and stimulus funding to ensure maximum leverage for council's capital investment that will allow the council to deliver on its commitment for further investment, regeneration, and provide support to sustain and create employment opportunities."

 

 

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