The major £300m strategic capital investment will deliver projects including highways, schools, housing and town centres over the next five years.
The Cabinet met on 25th January and agreed in principle to the investment programme, which represents the largest capital investment in the history of Rhondda Cynon Taf.
The ambitious plans were first announced by Council Leader Andrew Morgan in a statement to Councillors in December.
The £300m inward investment has been earmarked as follows:
£65m will go to highways and transportation infrastructure. This includes the A4119 Corridor enhancements and dualling of ‘Stinkpot Hill’, Llanharan Bypass Road, A4058/A4061Corridor, direct access from A465 via a new A4059 route to Aberdare, and new Metro and park and
£160m will go to 21st Century Schools. The Council had secured the funding from Welsh Government to deliver a range of new schools and school refurbishments from 2019-2026.
£11m will go to new housing, complementing an overall investment of £450m. This overall investment is broken down into Independent Living (£45m), new homes on Council land (£70m of Housing Association Funding) and new housing developments (£340m of public and private sector development funding).
£4m will go to community assets such as parks, playgrounds, community hubs, leisure centres, recreational facilities and library facilities.
£70m will go to town centre and economic regeneration. This includes Taff Vale, Ynysangharad War Memorial Park refurbishment and regeneration, improved car and pedestrian arrangements for Tonypandy Town Centre, and new industrial units in Coed Ely, Tonyrefail and Robertstown.
Councillor Andrew Morgan, Leader of Rhondda Cynon Taf County Borough Council, said of the ambitious investment: “These plans would see the delivery of the largest capital investment programme for a generation, ensuring we transform service provision across a range of areas and a number of key services.
"This funding will also ensure that we continue to future-proof key infrastructure across the County and will ensure that our highways and transportation network supports the future economic potential that Rhondda Cynon Taf.
“We have already set the tone and demonstrated what can be achieved through this ambitious approach on projects such as the redevelopment of the Taff Vale site.
"The most recent Budget announcement made it clear that austerity and funding cuts are here to stay, at least for the next four years, so it is clear that the only way that we can take Rhondda Cynon Taf forward is by investing wisely to secure the best opportunities for residents and services moving forward into uncertain, and no doubt challenging, economic times.
“Thanks to our proactive approach to addressing the budget cuts placed upon us, we have created opportunities to deliver these kinds of one-off capital investments, which will strengthen and transform services for these future challenges.
“We have made a public commitment to be ambitious for our County and this plan will ensure that we honour this commitment by delivering the largest capital investment programme in the history of Rhondda Cynon Taf and most certainly for a generation.”