Leading his party's debate in the chamber, Mr Davies called on the development of a transport infrastructure and specifically the improvement of the road between Cardiff and the airport to attract more air passengers.

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Corrado Passera, CEO of the Intesa Sanpaolo banking group, was named to head the new ministry of development, infrastructure and transport.

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According to consultants CB Richard Ellis (CBRE) the money to be made from the development would not be sufficient to fund the provision of infrastructure such as public transport, roads and schools.

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But development is being held up because the government has not set aside enough money for transport infrastructure.

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