Part of 1. 1. Questions to the Cabinet Secretary for Economy and Infrastructure – in the Senedd at 2:17 pm on 29 March 2017.
Seven weeks ago, at that dispatch box, on 8 February, the Cabinet Secretary told the Senedd that the due diligence process would take between four to six weeks. Now, if there’s been a problem with a lack of complete information, why hasn’t the Government done what the private sector would do in these kind of situations, in projects which are far larger than this, which is to get everyone in a room—their auditors, Grant Thornton, the company, their funders et cetera, and the Welsh Government—so that we can actually sort this out? In relation to the date that he’s now given us of mid-May, what assessment has the Welsh Government made of the risk that poses to the financial viability of this project, given that that lengthens the requirement for bridge finance?