The new investments will include:
The two major infrastructure projects will be financed using a not-for-profit vehicle used in Scotland, which caps the levels of returns for private bodies at the stage of funding agreements.
The NPD model, which was designed as a less-controversial successor to the tainted UK Private Finance Initiative (PFI) system, allowing private money to be invested, but dodging the PFI allegation it allows private firms to cream off ever-increasing profits from public projects.
The Minister also confirmed that the results of a consultation on the major enhancement of the M4 around Newport are currently being considered and a decision is expected this summer.
Ms Hutt stated:
In today's challenging economic environment, compounded by profound social change, finding new sources of funding is harder than ever. But this additional expenditure is an investment in our economy and in our people. In short, it is an investment in the future of Wales.