Magazine article Public Finance

£175M Injection for Key Projects

Magazine article Public Finance

£175M Injection for Key Projects

Article excerpt

The Welsh Government is to commit an additional £175m in capital investment to support 'strategically important' projects. The announcement was included in the £15.4bn draft Budget, published on October 2 by Finance Minister Jane Hurt.

Hutt said the Budget was focused on boosting jobs and growth, but would also uphold social justice and sustainability.

Included in the £175m capital investment package is £65m for transport improvements, £30m for hospital improvements and £25m for school refurbishments.

An extra £10m is included in the allocation to strengthen flood defences in Wales, following the severe flooding in Ceredigion and Gwynedd this summer. Environment Minister John Griffiths said it would fund eight additional flood-prevention schemes in vulnerable communities. …

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