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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The Met Office has issued a yellow warning to be aware of heavy rain overnight
An ITV News investigation has revealed a twenty-fold increase in police incidents involving legal highs in Wales in just two years.
The Met Office has issued severe weather warnings for much of Wales for tonight, believe it or not!