Work to provide a £50 million new Medway Valley Crossing and the Peters Village housing development near Wouldham started in May 2014.
The funding includes £19.5 million from the Government’s Local Infrastructure Fund administered by the Homes and Communities Agency (HCA).
The development represents significant investment in Kent’s infrastructure, including a new roads infrastructure and a bridge over the River Medway to link the A228 on the west bank to the proposed Peters Village site on the east bank. It will also provide up to 1,000 new homes at Peters Village - at least a quarter being affordable homes.
The extensive highway improvements will significantly improve access to both sides of the River Medway, bringing local communities access to wider benefits such as employment opportunities, schools, shopping, recreation and housing.
Trenport (Peters Village) Ltd will oversee the development and delivery of the whole project, due for completion around 2022, with BAM Nuttall as the project's main contractor.
Trenport Director Chris Hall said: "Originally delayed by the 2007 recession, we are delighted to be able to move forward with this ambitious and imaginative project, which will transform a once industrialised, yet important part of the Medway Valley.
“We have been sensitive and responsible custodians of the land in the meantime, but the moment is now right for the area to fulfil its promise."
A spokesman for the HCA in Tonbridge and Malling said: “The Government funding is the cash injection this project needs. It’s an important development, which will not only provide the necessary infrastructure, but also homes and access to more opportunities through a better crossing over the River Medway. We look forward to seeing progress.”
• The net area of development is approximately 35.05 hectares (86.61 acres) of which 11.1 hectares (27.3 acres) is set aside as public open space.
• The development will be mostly low rise.
• A new local centre next to the river will include: community centre, medical centre, shops and employment units.
• This wide-ranging project also includes: a new primary school, new areas of open space and playing fields, a new riverside walk, plus the protection and management of the Peters Pit nature reserve.
The Homes and Communities Agency is the single, national housing, land and regeneration delivery agency for England, and the Regulator of Social Housing Providers. Its vision is to:
- create opportunity for people to live in homes they can afford in places they want to live, by enabling local authorities and communities to deliver the ambition they have for their own areas; and
- focus on governance, financial viability and value for money as the basis for robust economic regulation that maintains lender confidence and protects the taxpayer.
BAM Nuttall has a rich heritage within the civil engineering market and been responsible for transforming UK infrastructure with the completion of many high profile projects. As a business, the company focuses purely on civil engineering and its priority is to use in-house resources whenever possible to deliver best value projects to customers. The company is involved in all aspects of civil engineering including: rail, nuclear, aviation, highway maintenance, maritime and environmental engineering, energy and geotechnical services.