PLANS for a futuristic walkway over the river Usk were given the go-ahead by city planners but the cost could increase by more than £1million.

The bridge, which was set to cost £3.9m, is now estimated at around £4m to £5m.

A global rise in the price of steel is thought to be behind the increase. Graham Moore, of regeneration firm Newport Unlimited, said the final cost of building the bridge is yet to be determined but there will be an increase.

The bridge, which will be lit up at night, is set to be a landmark for the city. Newport council's Planning committee approved plans for the bridge subject to the inclusion of CCTV cameras.

The cameras were included after safety concerns were raised. Planning committee member Councillor David Atwell explained: "We included the cameras to ensure that cyclists and pedestrians using the bridge are protected."

It is hoped work on the landmark will now begin in the summer. Argus readers helped choose the 'crane' design by developers Alfred McAlpine from three submitted proposals.

The bridge is seen as a much-needed link between the two halves of the city and is one of the first parts of the major plan to regenerate Newport to be constructed.

Planners say the footbridge will be vital in linking the shops, Riverfront theatre and a possible university campus with other parts of the city. Councillor Atwell said: "It is a truly wonderful project. Today has been a real step forward for Newport.

"Not only is it an extremely attractive scheme which will bring Newport into the 21st century, it will also connect the two sides of the city."

It will span 145m over the Usk and will be placed at a site on the western bank that lines up with Charles Street. It will cross the river at a slight angle to land at a site south of Colne Street.

The bridge is being funded by Newport Unlimited using cash from the city council and the Welsh Development Agency.