Lloyd George Avenue
The original concept, a scheme by Cardiff Bay Development Corporation (CBDC), envisaged the removal of the railway line along Bute Street to create a continental-style boulevard, initially named Bute Avenue, with a Light Rapid Transit system, a park and recreational facilities. The Welsh Office required the CBDC to use the Private Finance Initiative to construct Bute Avenue. Due to high costs, the LRT element of the project was abandoned, but a new road was built as part of a £120 million PFI scheme awarded to a consortium of investors and shareholders named City Link. After the wind-up of the CBDC in March 2000, all property rights and liabilities for the Bute Avenue project transferred to the Welsh Development Agency.
In 2011 the Welsh Government revealed that the full cost of the PFI scheme, including its 25-year payback period, would be £188.8 million. This includes the 350 neighbouring homes, some shops, commercial development and a small section of new road surrounding Callaghan Square. Responsibility for ongoing maintenance reverts to Cardiff Council in 2025.
Although officials from the Welsh Development Agency and the City and County of Cardiff have examined various options for the completion of the original boulevard scheme, as of 2011 no progress has been made.
Notes
- ^ Mortimer, Dic (28 January 2018). "Cardiff Bay (including Butetown)". Cardiff The Biography. Amberley Publishing. ISBN 9781445642512.
- ^ "Auditor General for Wales Report: Continuing the Regeneration of Cardiff Bay" (PDF). Archived from the original (PDF) on 10 February 2012. Retrieved 11 August 2013.
- ^ NOR19838 CIVIL ENGINEERING W/C Archived 6 October 2006 at the Wayback Machine
- ^ "Treasury reveals Cardiff's Lloyd George Avenue set to cost taxpayers up to £189m", Western Mail, 7 September 2011. Retrieved 2011-10-05.
- ^ "Replacement of Herbert Street and possible public transport link between Cardiff Bay and the city centre". Archived from the original on 9 June 2011. Retrieved 6 April 2008.