Delivering better connectivity through mass transit in Glasgow

The Clyde Metro mass transit scheme was identified as a key project by Transport Scotland’s second Strategic Transport Review. Glasgow City Council wanted to develop their understanding of the potential funding and financing solutions that could be utilised to deliver the programme, as well as progress their thinking on possible governance options to integrate stakeholders.

Our LA Function convened three workshops, bringing together Glasgow City Council, Strathclyde Partnership for Transport, Transport Scotland, and local authority stakeholders. The workshops focused on evaluating the applicability of various funding sources to the programme, investigating potential governance structures, and generating high-level forecasts of the local contribution to the programme.

We produced a shortlist of potential funding options and made recommendations to develop the programme’s governance and accountability framework. We also identified critical path workstreams that will help Clyde Metro investigate the key areas where costs could be saved, where risks would be transferred by the devolution of parts of the national rail network, and how these might impact on the funding and financing requirements.

Dan Mansfield, Director for Transport, UKIB local authority function, said: 

The Clyde Metro is a transformational programme which aligns perfectly with the Bank’s core objectives of reducing climate change emissions and facilitating regional and local economic growth. It was great to get involved at the early stages of the project to support the project team and other stakeholders with identifying funding and financing solutions that might be utilised to deliver it.