£600 million plans for Welsh Construction

£617.5 million is planned to be spent on transport and housing infrastructure construction, according to plans published by Welsh finance minister Jane Hutt.

The transport investments will include £40m for the dualling the A465 between Gilwern and Brynmawr, £40m spend on improving the M4 Brynglas tunnel and then £17m for improvements to the A55 in North Wales. £62m will also go toward the first phase of a new scene to create a South East Wales metro system through better bus and rail links.

Meanwhile a total of £170m will go toward housing, £140m of while will be used up until 2016 on the "Help to Buy" scheme. This is in addition to the £34.5m already invested in it during this current financial year.

Other investments included in the plans are £38m toward improving Welsh health facilities (including the final phase of the Noah' Ark Children's Hospital for Wales), £70m for home energy efficiency scheme ARBED ECO and £20m to support a programme of flood and coastal defence improvements.

Jane Hutt said: "Since 2010, the UK government has made significant cuts to our capital budget. By 2015-16 it will be 33% lower in real terms than in 2009-10.

"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."

Via The Construction Index

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