Regenerating the Northern Valleys

Part of 1. Questions to the First Minister – in the Senedd at 1:41 pm on 3 March 2020.

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Photo of Mark Drakeford Mark Drakeford Labour 1:41, 3 March 2020

Well, Llywydd, the Member is right that the mutual investment model will be used to fund the remaining parts of the Heads of the Valleys road, and it is a very important part of the ambition of this Government for northern Valleys that there is a dual carriageway right along the Heads of the Valleys so that transport becomes one of the enablers of that local economy. The mutual investment model distributes risk in a different way between the funder—the Welsh Government—and the contractor. And the risks of non-completion and of time slippages are much more with the contractor in the mutual investment model and, for those reasons, we can have some confidence that, unless unexpected matters arise during construction, the construction will proceed on time and indeed on budget.