Education Secretary Kirsty Williams said the government has earmarked £2.3bn for the delivery of 21st Century Schools and Education Programme, including £500m of investment under the Mutual Investment Model.
The Education Secretary said: “I am committed to raising standards, reducing the attainment gap and delivering an education system from the ground up that is a source of national pride and confidence. The 21st Century Schools and Education Programme is one of the means to achieve this ambition and represents the largest investment in our schools and colleges since the 1960s.”
With Bank A of the programme expected to end in 2019, the government is planning to combine traditional funding with private finance.
The government has recently sought technical advisers to advance procurement for Band B of the programme.
The Education Secretary added: “The first wave of funding provided though the programme will see investment of more than £1.4bn over the five year period ending 2019, supporting the rebuild and refurbishment of more than 150 schools and colleges across the Wales. This is why I am delighted to announce a second wave of investment for the programme, which will begin in April 2019.
“We will work closely with our partners to agree the pace of delivery and put in place investment plans that are affordable and meet our shared ambition to create sustainable learning environments that meet the needs of our communities.”