Agenda item - Concessionary Bus Travel - 3 Year Fixed Deal

Report of the Executive Director for Finance & Resources (copy attached).

RESOLVED - That the Committee:

1)        Notes the forecast comparisons between the current fixed deal payments and the estimated level of reimbursement through the DfT model and the progress made to date on the negotiations for new fixed deals set out in the part 2 report of the agenda as this data is commercially sensitive;

2)        Authorises the Executive Director of Finance & Resources, after consultation with the Chair of Policy, Resources and Growth Committee, to finalise terms for concessionary fares fixed reimbursement deals with both Brighton & Hove Bus and Coach Company and Stagecoach South.

167.1      RESOLVED - That the Committee:

1)        Notes the forecast comparisons between the current fixed deal payments and the estimated level of reimbursement through the DfT model and the progress made to date on the negotiations for new fixed deals set out in the part 2 report of the agenda as this data is commercially sensitive;

2)        Authorises the Executive Director of Finance & Resources, after consultation with the Chair of Policy, Resources and Growth Committee, to finalise terms for concessionary fares fixed reimbursement deals with both Brighton & Hove Bus and Coach Company and Stagecoach South.