Vikki Howells says new funding model will deliver on dualling of A465 and other important infrastructure schemes

Vikki Howells AM has welcomed the Welsh Government’s commitment to use a new Mutual Investment Model to fund £1 billion of important capital projects. The model will be used to complete the final phase of the dualling of the A465 between Dowlais Top and Hirwaun. It will also be used to build the new Velindre Cancer Centre in Cardiff and schools across Wales under the 21st Century Schools Programme.

The Mutual Investment Model was recently unveiled by the Welsh Government, after it had worked with the Office for National Statistics and European Investment Bank experts to ensure the public interest is protected, and value for money is delivered, during the financing of these major infrastructure projects.

The Cynon Valley Assembly Member has welcomed the news, saying it will unlock the delivery of improved transport links, enhanced access to cancer treatment and better educational outcomes.

When making the announcement, Welsh Government Finance Secretary Mark Drakeford AM said:-

“We are continuing to face unprecedented challenges to public finances so it is vitally important that we unlock all opportunities to boost infrastructure investment.

“This new public-private partnership model will deliver a £1bn capital infrastructure investment boost for crucial transport, health and education schemes.”

Vikki Howells AM said:-

“The announcement of this new funding model is good news for Cynon Valley, and shows that the Welsh Government is committed to delivering better transport, health and education.

“I welcome the plans around the final stage of the A465 dualling, which are important on safety grounds but also to boost economic development in Cynon on what is a vitally important transport link.

“In addition, many of my constituents access treatment at Velindre, and the Cynon Valley has already benefited from the 21st century schools programme with new schools built and proposed, so this is equally good news.”