The large in-year increase in Welsh rail subsidy this financial year will be replicated in 2024/25, indicating that this higher level will become the new normal.
The Welsh Government reduced funding for education, local government and all other areas except the NHS last autumn in order to provide an additional £125m for Transport for Wales Rail. The budgeted £254m subsidy proved to be inadequate because TfW’s costs had increased significantly while passenger numbers had not...
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