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Cardiff Capital Region City Deal Takes Significant Step Forward

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The Cardiff Capital Region Leaders comprising the Leaders of the 10 local authorities in South East Wales have submitted an outline of their proposals for a City Deal to the UK Government ahead of the Comprehensive Spending Review.

The submission by the Leaders of Blaenau Gwent, Bridgend, Caerphilly, Cardiff, Merthyr Tydfil, Monmouthshire, Newport, Rhondda Cynon Taf, Torfaen, and the Vale of Glamorgan, has been boosted by an agreement from the Welsh Government to contribute £580m towards a City Deal proposal worth up to £1.28 billion.

The City Deal will require close working with UK Government, Welsh Government and the private sector.

The £580m would support the establishment of a Cardiff Capital Region Fund, aimed at delivering major strategic transport connectivity projects.

SOURCE: cardiffnewsroom.co.uk