Natural Resources Minister Alun Davies said the funding followed one of the wettest years on record for Wales.
We can never fully prevent all flooding, but we can manage the risks and reduce the consequences. That is why we are investing over £160 million in flood and coastal erosion risk management over the life of this Assembly to reduce the risk of flooding for over 7,000 properties.
As well as delivering protection from flooding and coastal erosion for some of our most vulnerable communities, this additional funding will also help to create and secure local jobs.
Despite the severe reductions the UK Government have made to our capital budgets, we are determined to do all we can to invest in our infrastructure - because we know this is vital to support economic growth and create jobs.
This extra investment in our flood defences will make a real difference to protecting communities right across Wales.
More top news
A calm and quiet night ahead, but inland temperatures could drop enough for some grass frost by the early hours.
Education reporter Megan Boot explains issues facing the education system ahead of the 2016 Assembly election.
An exclusive poll for ITV Wales shows support for the Conservatives and UKIP is up, whilst Labour's support remains unchanged.