The council is set to bid for UK Government levelling up fund money for the Porth transport hub and the dualling of the A4119 in Llantristant.
A report to Rhondda Cynon Taf Council’s cabinet on Thursday, June 17 includes proposed bids for the Rhondda, Cynon and Taf areas as well as one transportation bid.
The Rhondda bid will be for funding towards the new transport hub in Porth which will link up bus and rail services in the town.
It is a key element of the approved Porth Regeneration Strategy and its delivery will be vital to the success of the strategy, the report said.
“The transport hub is the largest project within the strategy’s programme and will serve as an anchor for comprehensive regeneration, development and investment across Porth town centre and the surrounding area.
“The transport network modernisation via the South Wales Metro development and an increase in trains, the development of the Porth Transport Hub is timed perfectly to coincide with most significant investment in the Welsh rail network development in decades, and provides a prime opportunity to capitalise upon the benefits,” the report added.
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The total cost of the project is £6.6m with a bid to the Levelling Up Fund of £3.6m.
External funding of £3m has already been secured so there is no need for additional match funding.
Of the transport project opportunities, the report said plans to make the part of the A4119 between Llantrisant Business Park in Ynysmaerdy and Coed Ely roundabout into two lanes is the most advanced.
The report said the transformation and regeneration benefits include improving connectivity to Tonyrefail and surrounding areas, helping to unlock further development of the Coed Ely site and encouraging investment in the wider area and improving access to existing and new businesses at Llantrisant Business Park, the Royal Glamorgan Hospital and the wider areas.
It also said it will improve reliability and journey times especially for public transport, which will enhance the viability of local and regional bus services using the route and it will encourage more active travel and healthier lifestyles by improving opportunities for walking and cycling.
The total cost of the project is £19.4m with a bid to the Levelling Up Fund of £11.4m.
Existing RCT and external funding of £8m has already been secured so there is no need for extra match funding.
The £4.8 billion Levelling Up Fund (LUF) is set to invest in infrastructure that improves everyday life across the UK, including regenerating town centres and high streets, upgrading local transport, and investing in culture and heritage.
It is a capital only fund, administered by the Ministry of Housing, Communities and Local Government (MHCLG), Department for Transport (DfT) and HM Treasury (HMT).
Councils will lead the bids for their areas and can submit a number of bids determined by the number of parliamentary constituencies wholly within the local authority boundary.
This means three bids can be submitted from Rhondda Cynon Taf, representing the Rhondda, Cynon and Pontypridd constituencies with an additional transport based bid which can cover one or more constituencies.
Rhondda Cynon Taf has been categorised as a priority one of three priority categories which will give it an advantage as part of the assessment process.
A capital bid can be for an individual project or a package of up to three projects, of up to £20 million in value per bid, or in exceptional cases up to £50m per bid for larger transport projects.
All bids must be submitted in full with all supporting documentation, and where appropriate the approval of the responsible authority on June 18.
The bids will then be assessed in three stages including the pass or fail gateway to judge whether a bid can deliver LUF spending, assessment and short-listing of bids where bids will be assessed against the criteria of the fund and a short-list of the strongest bids will be produced and then decision making on funding with an announcement expected from UK Government in the autumn of this year.
Consultation and support will be expected to be gained for bids from the MPs whose constituencies will be hosting bids as well as appropriate consultation with the public and other organisations.
To support the development of bids and working more closely with the UK Government, a one off £125,000 capacity building grant will automatically be made available.