Wales could provide last minute funds for Cork-Swansea Fery

Some members of the Welsh Assembly has expressed dissapointment that the Welsh Government is unlikely to invest in the Cork-Swansea Ferry any further.

However, Hopes are still high that another body across the channel called “Finance Wales” might commit 800 thousand euro, as it has a level of independence from the Assembly.

Enthuaism for the Fastnet Line service is declining in Swansea, while it has been frontpage material here in Cork, it wasn’t even mentioned in the 1pm bulletin of a local radio station in Swansea.

Sources in Wales suggest a decision from Finance Wales might be reached tonight, but in a statement the body said it does not comment on commercially sensitive investments.

Meanwhile, in Ireland, a decision is also expected soon from Enterprise Ireland about its mooted 400 thousand euro investment.

Both will be required if the Fastnet Line is to emerge from examinership as a viable business and resume sailing at the end of March.

Assembly Member Byron Davies who wants to see the ferry re-start says the precedent of the Welsh government supporting transport links is established and they should invest

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