Lowestoft tilting bridge costs could rise by £54m

Lowestoft tilting bridge costs could rise by £54m

The cost of building a tilting bridge over Lake Lothing in Lowestoft could soar by up to £54m.

Suffolk County Council is set to approve plans for Lowestoft’s Lake Lothing Third Crossing next week.

And the council has confirmed the budget has risen from an initial estimate of £91.73m to £126.75m plus an additional contingency of £19m for “unforseen risks”.

BAM Nuttall was originally chosen to design and build the scheme two years ago but the council decided to rebid the job last summer after failing to agree final costs.

Members of the council Cabinet will be asked to approve the project’s final budget next week before a main contractor is chosen in September and construction starts in the Spring of 2021.

Suffolk County Council will spend £6.9m of its own money, receive £73.39m of funding from the Department of Transport and borrow up to £64.96m.

 

updated: 18/08/2020

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