Inflationary pressures are bearing down on the £1.24 billion city deal for the Swansea Bay City Region, threatening delays and extra costs, leaders have been told. The "slippage", as it is known, is not a new phenomenon and is affecting construction projects across Wales and the UK.
City deal director Jonathan Burnes has recommended a re-profiling of all nine projects which make up the vast programme of city deal investment in Swansea, Carmarthenshire, Neath Port Talbot and Pembrokeshire. He was asked at a meeting of the city's ruling joint committee if the projects were on track to be delivered as originally planned or if they had been adjusted to match the available funding.
Dr Burnes said the projects were reviewed last autumn, and that they had "slipped further" since then. "I think what we have got to do in quarter one this year is re-profile them and try to get a more accurate forecast from now until 2027," he said. You can get more local news and other story updates straight to your inbox by subscribing to our newsletters here.
