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Electrified Valley Lines in £1.2bn City Deal

FUNDING­

18 March 2016
 

Electrifying the Valley Lines in South Wales and a wider programme of public transport improvements will be key priorities in a £1.229bn 20-year infrastructure fund in the Cardiff Capital Region City Deal. 

The ten local authorities covered by the deal this week signed a heads of terms agreement with the Welsh and UK Governments. 

The Welsh Government is to contribute £609m to the investment fund, with its funding paid in the first seven years (2016/17-2022/23). The UK...

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