Major Infrastructure Projects

Part of 1. Questions to the First Minister – in the Senedd at 1:30 pm on 17 July 2018.

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Photo of Hefin David Hefin David Labour 1:30, 17 July 2018

Thank you, First Minister. In spring 2017, the Cabinet Secretary for Finance announced the Welsh Government's intention to undertake three major infrastructure schemes using the mutual investment model for this year. And according to Welsh Government information, they have a combined capital value—those three projects—of £1 billion. The Welsh Government stated that the mutual investment model, or MIM, will see private partners build and maintain public assets. In return, Welsh Government will pay a fee to the private partner, which will cover the costs of construction, maintenance and financing the project, and, at the end of the project, it will be transferred into public ownership. So, can I ask the First Minister would he outline the key differences between MIM and private finance initiative, and identify whether other schemes will be used, using the MIM model, in the future, during this Assembly term?