An answer has been given to my parliamentary colleague, Jonathan Edwards MP, who asked a very similar question to mine of the UK Government. He received this response:

'As the Government is providing a loan to the GLA, this is being treated as a long-term reprofiling of DfT’s budget. The Devolved Administrations...have been offered Barnett consequentials of the DfT reprofile and it is up to individual DAs if they take up this offer.'

Can you confirm that the offer has been made? What was the nature of the offer that was made? Were there conditions attached to that? Is it the fact that conditions have been attached to it that is slowing a decision down from Welsh Government, and shouldn't this be a priority to see a potential new source of money as a way of investing in transport—investment that's desperately needed?