Commenting on Transport for Wales’ Annual Report (2023/24) where losses of over £295 million were posted and filled by Welsh Government subsidy, Natasha Asghar MS, Welsh Conservative Shadow Transport Minister said:
“Labour-run Transport for Wales’ Annual Report makes for grim reading, given the huge sums pumped into the rail service and the massive losses reported.
“Revenue has not recovered to pre-Covid levels. In fact, staffing costs exceeded passenger revenue and redundancy pay outs, mostly for ill-health, have more than doubled in a year.
“Welsh taxpayers’ want value for money and they aren’t getting that from Labour-run TfW. We need improvements and fast.”
