Last month saw the confirmation that the Welsh Government and Whitehall had reached agreement regarding devolved borrowing power. This gives Wales a much stronger position from which it plan how capital funding is allocated.

The confirmation of devolved borrowing also means that now is the time to campaign for a long term capital funding plan that will create a world class infrastructure for Wales. CEW hopes to achieve this by working with the Government via the launch of a Major Project Delivery Task Group. This group, drawn from industry leaders and their customers will be charged with liaising directly with Welsh Government to champion a vision for Wales and the pursuit of collaborative procurement processes.

We want to encourage industry and Government to think big. If for example, Glasgow can host the 2014 Commonwealth Games why can’t Cardiff host the 2026 Games? Why not create bolder and far broader plans for a strategic vision that puts Wales at the forefront of the UK, Europe and global business?

We want to ensure Welsh capital projects are commissioned that deliver outstanding facilities for Welsh people and are designed, built and maintained with a focus on whole life costs and for the benefit of the local communities around them. We will be working with the Government to develop the Major Project Delivery Task Group and revealing more details to the industry and CEW stakeholders over the next few weeks.