00:00Serious concerns have been raised by a SINED committee about the performance of Welsh City and regional growth deals, particularly the North Wales growth deal and the Cardiff Capital Region City deal.
00:13One of its key projects has fallen though, with the deal has only creating 35 jobs so far.
00:19The committee is also concerned about the scale of funding required for the Cardiff Capital Region's redevelopment of the Abathor Power Station and the impact it could have on public finances.
00:33A procurement dispute led to a £5.25 million settlement and an independent review is underway.
00:40The site, purchased for £8.6 million with £30 million allocated for demolition, may require over £1 billion to fully develop.
00:51Despite investor interest, the committee is concerned about the scale of funding needed and the potential impact on public finances.
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