Bus and train links get £617m boost in budget plan
3:12pm Thursday 10th October 2013 in News
A PACKAGE of £617.5 million to support housing, transport and business in Wales will create 11,000 new jobs, says the Welsh Government.
Some £62 million is to be invested in the South Wales Metro plan to improve bus and rail links. There are also plans to make the Brynglas Tunnels safer, along with further cash for a major road project in the Valleys.
Finance minister Jane Hutt yesterday announced details of the Welsh Government’s plan for infrastructure from Tuesday’s draft budget.
Ms Hutt said: “The tough economic conditions continue but I am determined to use every pound available to invest in infrastructure and boost economic growth in the long-term. The new £617.5 million capital investment package will deliver real benefits across Wales, creating or supporting more than 11,000 jobs over the next two years.”
The South East Wales metro scheme, which proposes better bus and rail links in the region, will see £3.5 million invested this year, £28.7 million in 2014/15 and £29.8 million in 2015/16.
It comes in addition to the three-year package £11.5 million agreed earlier this year for the Ebbw Vale Town railway station plan.
A total of £40 million – £10 million in 2014/15 and £30 million in 2015/16 – will be spent on resurfacing the Brynglas Tunnels.Meanwhile £20 million by 2016 will be spent on reducing the risk and consequences of floods and coastal erosion, protecting an estimated 2,000 homes.
A total of £170 million will go to housing, while £54.5 million will go to support the development of Enterprise Zones.
Ms Hutt also announced £70 million will support the development of the energy industry in Wales.
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