One lane closed and slow traffic due to accident, two vehicles involved on M4 Eastbound between J28 A48 / A4072 (Tredegar Park) and J27 B4591 (Highcross).
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Arriva, which has been operating the franchise for 15 years, pulled out of the bidding last year.
The fund is aimed at small and medium sized builders
It will be another very warm day inland, with cooler conditions at the coast.