GEORGE: Welsh Conservative response to Carillion liquidation

Responding to the news construction giant Carillion has gone into liquidation, Welsh Conservative Economy spokesman, Russell George said:

 

“It is deeply regrettable that Carillion has not been able to find suitable financing options with its lenders but taxpayers cannot be expected to bail out a private sector company.

 

“Since profit warnings were first issued in July, the UK Conservative Government has been closely monitoring the situation and has been in constructive discussion with Carillion while it sought to refinance its business.

 

“Carillion also has significant involvement in Wales on a number of key projects and we need to hear what plans the cabinet secretary and Welsh Government will put in place on schemes such as the A40, A55 and the company’s role as a partner for Abellio in the potential rail franchise.

 

“This is very disappointing news but the primary responsibility for governments at both ends of the M4 must now been on ensuring essential public services continue to run safely and effectively.”