One of the final hurdles to the building of the M4 relief road is due to be resolved. The M4 Relief road which has been in the works since 1991 might finally have the go ahead after the Welsh Government is set to “sign and seal” an agreement with Newport Docks owners Associated British Ports.
APB had concerns that the height of the carriageway would be too low for the biggest ships to get in and out. But after the government has agreed to carry out £135m improvements to the docks, the plans can finally go ahead.
The Relief road, a 23km motorway around the city, bypassing the Brynglass Tunnels, will bring major traffic relief to one of Newport’s biggest headaches.
Traffic consultant Bryan Whittaker said the current M4 around the Brynglas Tunnels has more accidents and breakdowns than any other part of the motorway that he has seen in his 38 years of professional experience.
Economist Stephen Bussell, a Welsh Government witness, said “Even before the effects of traffic incidents and atypical delays are considered, cost savings for businesses in the study area (of south Wales and the Bristol area ) are estimated to in the region of £30m per annum by 2037.”
The motorway will make Newport more accessible and would encourage even more developments and buildings of houses and businesses. This will see an increase in house prices, jobs and economic growth.
The opening of the 6 lane motorway is set for 2024. So now is the ideal time to make that property investment and reap the benefits in the near future.
If you have any questions, feel free to give Lloyd Reynolds a ring on 01633 265222.