Kennedy secures completion of £500,000 scheme in Larne following financial collapse of developer
Stormont Executive press release - Department for Regional Development
Roads Minister Danny Kennedy has taken action to ensure that road works and utility services in a Larne housing development left unfinished by a developer will be completed using Road Bond funding.
Following the financial collapse of ‘Eassda’ a private Development Company, many of the roads and footpaths in the Lindara development in the town fell short of the standard of completion required by Roads Service. Other work requiring completion includes the installation of watermain through the site. The failure of the developer meant that the estate could not be adopted into the Roads Network without significant improvement.
Under the Private Streets Order Legislation, Roads Minister Danny Kennedy instructed Roads Service to use the Road Bond, originally put up as a surety by the developer to fund the completion of the unfinished work without the need for additional public funding.
The cost of the work is estimated to reach around £500,000 and is set to lead to one of the largest calls on a Road Bond invoked by Roads Service.
Danny Kennedy said: “Following the unfortunate financial collapse of the developer, funding to complete the utilities in Lindara will be entirely drawn from the developer’s Road Bond.
“The Bond is a vital requirement within a development contract and is included to safeguards the public purse.
“In this particular case the residents in Lindara will directly benefit. Over the coming months they will see Roads Service and NI Water complete the very significant amount of work required in the estate.
“The entire scheme, in three separate phases, should be completed towards the end of November.”
Work on the first phase of the scheme to finish road and footway surfaces, improve drainage, and to install kerbing and vehicle restraint systems is nearing completion.
The second phase will be led by NI Water to install around 350 meters of additional watermain along the unfinished main road in the site. Work is expected to start towards the end of July and is likely to be completed by mid August. Roads Service and NI Water are working together to on the scheduling of the work to ensure the entire scheme is completed as early as possible.
The third phase will include the connection and surfacing of the main spine road running through Lindara connecting to Blackthorn Hollow and in turn on to Killyglen Road to Linn Road. The connection will considerably help the flow of traffic in the area.
All work is expected to be finished towards the end of November.
Belfast Telegraph Digital