£300m roads borrowing in Welsh government budget plans

Roadworks to create a dual carriageway at the heads of the south Wales valleys will finish on time thanks to a new way of raising money, the Welsh government says.

A partnership with the private sector will generate £300m to widen the final two sections of the A465.

A second funding pledge will raise £200m to pay for building schools.

Officials say the scheme does not pose the same risks and costs of private finance initiatives.

The Welsh government made the announcement as AMs were asked to approve its £15bn budget for next year.

Political correspondent Tomos Livingstone reports.