TESCO Megashed - Developers Goodman's clarify 100 Acre Corner Junction Costs

12.00.00am UTC (GMT +0000) Fri 25th Jul 2008

ANDOVER Airfield developers Goodman clarify the construction costs to improve the 100 Acre Corner junction at the proposed Andover Airfield development. The developer will fully fund the improvements to the 100 Acre Corner junction costing £4.9m plus a sum for maintenance of £1m which will have to paid over to the county council. If this development proceeds and work is started, the developers will have to provide a bank bond which guarantees the completion of the project should Goodmans or the contractor default. The value of this bond is £8.8m which will cover the costs of the county council having to get a new contractor in to complete the work. It also contains a contingency in case the costs increase. The planning application for a warehouse at Andover Airfield will be determined by the Northern Area Planning Committee on 1st September 2008 at the Lights theatre in Andover, starting at 5.30 pm