Price tag has jumped up by £600,000 since scheme was first approved
The long-awaited new Balthane Roundabout is now likely to be constructed in the 2027/28 financial year.
That's from the infrastructure minister who's been updating the House of Keys this week.
Tim Crookall confirmed that planning approval has been obtained for the temporary storage and processing of coal tar in the old Turkeyland Quarry site near Ronaldsway Airport.
You can read more on that here.
But the 'new and unfunded cost associated with the treatment of coal tar at Turkeyland is around £400,000, excluding the associated project development funding required to prepare the planning of application documents.
'In addition, the estimated costs of the roundabout construction have risen by around £600,000 since the scheme was first approved in 2021 for the 22-23 budget'.
The minister confirmed his department will 'now create a case to secure the additional money required' before it goes out to tender.
Once the contract has been tendered, construction will begin, but it now looks likely to be in the 2027-28 financial year.
Construction was scheduled to begin in September this year, with an aim to be fully operational in Spring 2027, but Mr Crookall says that 'is not going to happen'.
He warned members 'the chances are, if we're not careful, the prices will increase' too.
The total cost for the scheme is currently likely to be around £2,100,000, which is 'well in excess of what it was to start with'.
"And we have got around about forty-five schemes lined up with coal tar in, and they're going to be so much more expensive.
"I would absolutely love to bring this scheme forward, and I'm disappointed we can't do it [this year]".
Mr Crookall also confirmed consultations will again take place with those in the area ahead of work getting underway on the project.
You can listen in to the debate below:
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