The spending includes an extra £160m for road projects over the next two years.
Presenting the Welsh Government’s draft Budget for 2014-15 finance minister Jane Hutt (pictured) said the Welsh budget has faced an unprecedented £1.7bn cut by the UK Government since 2010.
She said: “In this Budget we have been clear about our Priorities for Wales and those areas that we believe need protecting – health, schools and universal benefits. We have also been clear that our focus will continue to rest on creating Growth and Jobs for the Welsh economy."
The plans include:
- £62m for phase one of a new scheme to create a South East Wales metro system through better bus and rail links. This is in addition to the £11.5m three-year package agreed earlier this year for the Ebbw Vale railway station and extension which is part of the wider scheme.
- £40m to speed up A465 Heads Of The Valley Dualling – Section 2 - between
Gilwern and Brynmawr
- £40m for improvements to the M4 Brynglas Tunnels
- £17m for improvements to two A55 tunnels in north Wales.