Local Transport Today is the authoritative, independent journal for transport decision makers. Analysis, Comment & News on Transport Policy, Planning, Finance and Delivery since 1989.

Wales unveils new financing model to deliver road upgrade

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Rhodri Clark
20 August 2018
Evans: MIM “a step forward”
Evans: MIM “a step forward”

 

The Welsh Government has embarked on a new method of financing road schemes in its invitation for bids to dual the final section of the A465 Heads of the Valleys road.

The Government does not have sufficient capital to fund the £500m scheme in addition to its other highways plans, which include the £1.4bn M4 Relief Road south of Newport. It has therefore developed a Mutual Investment Model (MIM), similar to the Private Finance Initiative (PFI) but with the Government taking a stake...

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