Part of the debate – in the Senedd at 4:41 pm on 4 May 2022.
I will mention them shortly, Mike, don't you worry; I won't leave them out. But, as many of my Conservative colleagues here, inside and outside of the Senedd, do feel and believe, including now, Mike, yes, you'll be pleased to know, our fantastic Conservative council candidates who are standing across Wales in the election tomorrow—. I have spoken about this issue many times in this Chamber, about how Welsh Labour's neglect, particularly in our transport infrastructure, has seriously damaged our economy, and my feeling on the lack of movement is no secret amongst those of you sitting here around me today.
Having worked in the Senedd prior to becoming a Member, it often feels like we hear words, but we don't see much action. We've all heard the phrase, 'If you snooze, you lose.' Well, today, I wish to raise an issue amongst you all today and I want to ask the Welsh Government to support an ambitious and vital project that will bring huge benefits to north Wales and particularly the Welsh economy as a whole.
The port of Holyhead is the second largest roll-on, roll-off port in the UK. It provides a critical link between the United Kingdom, the Irish Republic and the EU. The value of the roll-on, roll-off freight handled at Holyhead is estimated to rise to £794 million by 2030. However, the future of the port of Holyhead is at risk because of the deterioration of the Victorian breakwater. Holyhead's breakwater protects the port's operation. Without it, the wave conditions would be too severe for services to run and, ultimately, this would force the closure of the port. Since its construction in 1873, the rubble mound built on the sea bed on which the breakwater is founded has gradually eroded, with an increasing probability of a breach in the structure occurring during storm conditions, which are expected to worsen due to climate change.
Due to its design, the breakwater has always required regular maintenance by its owner, Stena, to maintain the condition of the superstructure and replenish the rubble mound. This maintenance regime has become increasingly expensive, and it's no longer matching the rate of erosion of the rubble mound. It is clear that a more viable long-term solution to ensure the stability of the breakwater is ultimately required.
Now, the cost of refurbishment is currently estimated to be between £90 million to £100 million, which I know seems like a lot. However, if nothing is done, it is believed that costs could double within the next three to five years, which means that, if action is not taken now, it will cost us and the taxpayer a lot more in future if something is not done now. Stena has confirmed that they've allocated £30 million for the refurbishment. They are seeking financial support from the Welsh Government to assist with the cost, given the strategic importance of the port to Wales.
Now, I wish to pay tribute in this contribution of mine to our very hard-working local Member of Parliament Virginia Crosbie, who has proved to be a great champion for the interests of Ynys Môn, and I hope the Minister in his response will respond positively and recognise the vital importance of the port of Holyhead to the Welsh economy and, moving forward, will find a great solution for everyone here in Wales. Thank you.