1. Agreed to extend the current supported Portsmouth Park & Ride contract up to 26 October 2024 with delegated authority to the Director of Regeneration in consultation with the Cabinet Member for Traffic and Transportation and Section 151 Officer to negotiate with the current contractor;
2. Agreed the increase to the current contract price to an amount identified through the Department for Transport instigated network review process to a maximum increase of £45,000 per annum;
3. Approved the development and implementation by the Transport Service supported by Procurement and Legal Services, of a procurement strategy to re-tender the contract. The process will include review of options for the electrification or hydrogen operation of Park & Ride services, either at point of contract award or over the term of the contract. This process will be informed by the projected impact of recent successful Portsmouth City Council funding applications including South East Hampshire Rapid Transit (SEHRT) and Portsmouth Bus Service Improvement Plan;
4. Approved that pre-procurement activities may commence, including for peer review with fellow councils and soft market testing with operators;
5. Noted that waiver approval will need to be sought from Procurement and Legal Services in respect of the proposed extensions to the contracts set out above, in accordance with the Council's Contracts Procedure Rules.