Mark Drakeford, Cabinet Secretary for Finance
The Wales Infrastructure Investment Plan was published in 2012 and set out the Welsh Government’s 10-year ambition for infrastructure investment across Wales.
In recognition of the significant economic, fiscal and social changes since 2012, I will be publishing a mid-point review of the plan on Tuesday. This will include an updated project pipeline of planned investments.
Alongside the mid-point review, I am announcing additional capital allocations of £266m, which will be used to support implementation of Welsh Government priorities in Taking Wales Forward and Prosperity for All.
The new capital will fund a range of infrastructure investments, including active travel, next generation broadband, the NHS all-Wales capital programme, school community hubs throughout Wales and the Tech Valleys programme, which is part of the Ministerial Taskforce for the South Wales Valleys and the Economic Action Plan.
I will be making an oral statement to Plenary on Tuesday about the Wales Infrastructure Investment Plan mid-point review and the capital allocations.
The review will be published on the Welsh Government’s website on Tuesday.