Policy framework/budget And Financial implications
The Scoping Study for the review of speed limits on local roads cost £1,655 and formed part of the revenue budget as outlined in the Budget Strategy 2008/2009.
The total cost of conducting the review was estimated to be £25,000 in the scoping study; £19,620 specifically for carrying out the review with an additional £5,380 for data collection. The cost has already been met from the appropriate revenue budgets of both 2009/2010 and 2010/2011.
It is anticipated that the relatively small cost of consulting and advertising will be met from within an existing revenue budget during the appropriate financial year.
It is proposed that the cost of designing and implementing approved speed limit changes on local roads will be included within the Local Transport Plan (LTP) capital budget over the next five years. The LTP programme, and associated costs, is set out annually and expenditure is monitored through monthly progress reports.
The potential cost of introducing all of the recommended speed limit changes is estimated to be in region of £200,000.
However, it is likely that the Council will experience significant financial constraints over the next few years and that many recommended speed limit changes will not be implemented. As discussed in Section 1.3, the number of new speed limits that are advertised and implemented will depend on the availability of funding and relative priority compared to other projects.