Cardiff Council’s leader has expressed his frustration after plans for a major new railway station were put on hold. The Hendre Lakes development, which includes plans for a new business park and £120m mainline train station in St Mellons, was approved by Cardiff Council in April.
However, the Welsh Government decided in October that it would call in the project. The decision comes despite the Welsh Government owning a 10% stake in the Cardiff Parkway station development and associated Hendre Lakes business park. Some 60% of the equity in the company behind the project, Cardiff Parkway Developments,is held by international banking and wealth management group Investec. The remaining 30% is held by entrepreneur Nigel Roberts and his family.
Read Next: Welsh Government calls in project
