Armada Way costs expected to fall £7m

CONSTRUCTION costs to regenerate Plymouth's Armada Way have reduced by around £7 million on the original estimate.

- ALISON STEPHENSON

The project will cost £30 million, with taxpayers funding 38%t and the rest met by grants and external sources, Plymouth City Council has said.

Earlier this year it was estimated that the scheme, which includes more than 200 trees, would cost around £37 million. 62% cent of the cost will be funded from the Government's Transforming Cities Fund and the Future High Streets Fund, with contributions from developers, funding from the Climate Emergency Investment Fund, council borrowing and cash from the sale of surplus property. The cost to taxpayers will be £11 million.