Prime Minister David Cameron was due to unveil a £230 million (EUR 290 million) funding package that will see the UK Government contribute £125 million (EUR 157.6 million) to the Valley Lines electrification scheme, while also covering the full costs of electrifying the Great Western mainline to Swansea.
The Welsh Government, which will take over sponsorship and delivery of the Valley Lines project, will be liable for the remaining cost, estimated at around an extra £170 million (EUR 214 million). It said this could be financed “at no net cost”.
Source: theplanner.co.uk
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