Welsh Development Agency - Lloyd George Avenue and Callaghan Square, Cardiff

Welsh Assembly Government

Welsh Development Agency - Lloyd George Avenue and Callaghan Square, Cardiff

Background

The Lloyd George Avenue/Callaghan Square development was conceived as a high quality environmental scheme to join the city centre of Cardiff to its waterfront. The square at the north end is of major proportions, with large public spaces and water features, and with direct access to St Mary Street. The southern termination of the avenue, just a short distance from the waterfront, forms part of a gyratory traffic management system known as the Flourish.

The project was originally conceived by the Cardiff Bay Development Corporation, but it became the responsibility of the Welsh Development Agency when the CBDC was wound up on March 31, 2000. The road was officially opened by First Minister Rhodri Morgan on 4 October 2000.  Reduced traffic flow on the nearby Bute Street has allowed this road to effectively become a residential access route.

This is an innovative pathfinder development unlike any other PFI scheme in that it delivers an integrated package of infrastructure and environmental improvements together with assured commercial and residential developments. The key elements of the agreement signed with the CityLink consortium on 9 July 1999 are:

  • provision of a dual carriageway and related infrastructure works, including Callaghan Square;
  • a commitment to maintain Lloyd George Avenue and the highway around Callaghan Square for 25 years;
  • the provision of not less than 356,000 square feet of commercial development and 350 residential units at designated development sites adjacent to the road and square.

Under the terms of the scheme, the road and commercial and residential developments are to be delivered to the WDA at a cost of £5.18m per annum (subject to indexation) over a period of 25 years.

Facts

  • Sponsor: Welsh Development Agency (Replaced Cardiff Bay Development Corporation.)
  • Approximate capital value: £45m
  • Contract length: 25 years
  • Consortium: CityLink Group, ie Norwest Holst (civil engineering) and MEPC (property development)
  • Project status: Operational