The Welsh Government says that its Mutual Investment Model (MIM) for a road dualling in South Wales will be different from the previous Private Finance Initiative (PFI) in significant respects, with the Government taking up to a 20% equity stake in the project company.
The MIM will be used for three schemes that are due to commence next year, including dualling of the A465 from Dowlais Top to Hirwaun.
The model has been designed by the Welsh Government to “finance major capital...
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