The Welsh Conservatives have blamed a lack of attention to detail by Labour ministers when Valleys rail electrification was first announced for the row over money that put the entire project at risk. Originally the UK government expected the entire £460 million cost to be repaid by the Welsh Government, primarily by increasing train fares.
Under the new deal announced today the UK Government will contribute £230 million to the scheme, though the rest of the money will still have to be repaid.
This deal will have a hugely beneficial impact on the lives of tens of thousands. It is a massively important investment that puts Wales first, prioritises infrastructure and transport, and provides a hugely welcome boost for business.
Labour didn't electrify an inch of rail track – and their mistakes and lack of attention to detail led to the circumstances preceding today’s solution. In stark contrast - this announcement is the real action Wales needs.
I wholeheartedly welcome the hard work of Conservatives in Wales in securing a pivotal and life-changing deal for our communities. From Newport to Swansea and - crucially, into the Valleys - this is what the region needs to secure growth and move forward.
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