Finance Minister Rebecca Evans has said tackling the climate and nature emergency is the “overarching ambition” of Wales’ new Infrastructure Investment Strategy. The strategy is underpinned by investment of more than £8.1bn over the next three years.
Between now and 2025 £770m will support public transport – with a £585m investment in rail and a £185m investment in bus travel. This will provide newer and greener rolling stock, continue development of the Core Valley Lines, and support integrated transport through Metro schemes. The strategy will also support the creation of a National Forest, and improve access to landscapes and outdoor recreation through investment in designated landscapes and the development of the Wales Coast Path, National Trails and Public Rights of Way network. In total more than £153m will be spent to support Wales’ nature and environment. The effects of climate change are also being guarded against with investment of more than £100m on flood defences. More than 45,000 homes will benefit from additional flood protection measures in this Senedd term, and more than 17,400 homes around the Welsh coastline will see reduced risk through the Coastal Risk Management Programme.