The Wales Assembly Government is to spend £12M on roads, rail, flood defence and energy projects between now and March, business and budget minister Jane Hutt has announced.
Wales will spend £47M on capital projects to boost for economy and offer help for the vulnerable.
The funding will be spent before the end of March on a number of schemes in health, education, transport, housing, tourism and flood defences.
The capital schemes include £3.5M to improve rolling stock of trains on the North/South rail link, £4.8M for improvements to the road network, £800,000 for flood protection and £2.9M for energy efficiency.
“Despite the 40% cut in capital funding imposed by the UK Government’s Spending Review, careful and prudent budgeting by the Assembly Government in this financial year has freed £47M for capital projects,” said Hutt. “Many of these projects will provide much-needed support to the construction industry as Wales continues its fragile economic recovery.
“These important projects are only possible because of the release of our central reserves and the use of departmental underspends in our capital budgets for 2010/11.
“We reached difficult decisions on where to spend these resources which were based on two objectives: to help support jobs in these difficult economic times; and to help ensure that the vulnerable in our society are protected.
“These changes demonstrate that we are committed to making the most of the resources that we have available to us, and that we continue to take forward the principles contained in One Wales.”