Construction is expected to take about 18 months and will complete the corporation's mission to reunite the city with its historic waterfront, focal point for the biggest regeneration project in Europe.

BBC: News | Wales | Fresh face of Welsh capital

The building, which is due for completion in 2005, has been hailed as a major focal point for the continued development and regeneration of Pacific Quay.

BBC: Artist's impression of Pacific Quay bridge

And the point David Willetts makes is right, there are far too many different schemes all competing with each other that people find it difficult to access the money to the point that every single one of the Government regeneration schemes that has been introduced is massively underspent.

BBC: News Online