Wales Publishes £15bn Construction Work Pipeline
Wednesday, 23rd May 2012The Welsh Government has published a pipeline of capital construction projects worth £15bn over the next decade. It was announced yesterday that the Wales Infrastructure Investment Plan for Growth and Jobs contains more than £3.5bn over this Spending Review period. First Minister Carwyn Jones said: “We are a government committed to the provision of infrastructure and the creation of jobs. We want to take every opportunity to increase capital investment, despite the severe cuts in our budget. “We want to create a Wales with a strong economy that has 21st century transport, IT and energy networks We want a low-carbon Wales with sustainability at its core and a skilled and efficient Wales where businesses thrive and our expertise are globally renowned. Through the Plan we can make this happen.” Finance Minister Jane Hutt said: “For the first time we are giving the private sector, public sector and third sector a clear vision of our priorities over the next 10 years. This will help them to ensure they are well placed – adequately skilled and resourced – to support the key projects we will be funding.” Projects in the plan include:
- A commitment to develop a Welsh mortgage guarantee scheme to support house builders and help first time buyers.
- An additional £5m for home energy efficiency – £3m for NEST and £2m for arbed, benefiting an extra 1000 homes.
- £6m to expand the successful Welsh Housing Partnership, levering in an investment of £30m in total to deliver 280 family homes for intermediate rent.
- £5m to double the size of the recyclable empty homes fund, contributing to our target of bringing 5,000 empty homes back into use during this Assembly term.
- £2.7m for M4 junction improvements.
- An additional £4m to accelerate essential flood protection schemes, reducing the impact of flood and coastal erosion on communities.
- £6.8m to accelerate major hospital projects at Ysbyty Glan Clwyd and Llandough.
- £500k to deliver premises for domestic abuse ‘One Stop Shops’ in Pembrokeshire, Swansea and Gwynedd.
- An additional £5m to support schools projects in Lampeter, Denbighshire, Abercynon and Penarth and £3m for the new Cardiff City Centre post-16 campus.
- £3.5m to support essential infrastructure work for the Northern Gateway site in the Deeside Enterprise Zone.
- £2.5m to boost the Welsh Economic Growth Fund to support Welsh SMEs.