Part of 2. 1. Questions to the First Minister – in the Senedd at 1:55 pm on 4 July 2017.
We can’t ignore the reality of the fact that there is a high risk, in our judgement, that we would see £373 million lost to the Welsh capital budget. That is something that no responsible Government could ignore. I come back to the point that if the project was able to stand on its own—. This isn’t a Government project; this is a project that’s come forward from a private consortium. The question that’s never been answered is why the project can’t stand on its own two feet. If it is deemed to be that successful by the private investors, then people will ask the question why that is. We have worked, of course, with the business, they’ve brought forward several schemes over the past few years and we’ve tried to help them in any way, but they did not meet our conditions that we set down. We’ve examined all the risks, and it’s quite clear that the risks are too high to proceed with this scheme.