The Metro Consortium, which includes Admiral insurance, British Gas and Cardiff Business School, says the transport system is an opportunity to rethink the role of towns and communities across the Valleys.
The report's author, Mark Barry, said the metro would simply connect connect the region, and "give the region the opportunity to be more economically effective."
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Through this evening and overnight it will remain cloudy with some persistent rain and drizzle by dawn.
A couple from Wales, who moved to South Africa to live 40 years ago, have been killed on their farmland estate there, police have confirmed.
Our Valleys Correspondent Hannah Thomas has been spending time discovering why the people who live in the Valleys love their communities.