Canal repairs are just the beginning for the Mon & Brec

The whole engineering programme could last up to four years and cost in the region of £15 million with major spend required in 2008/09.

The first phase will enable British Waterways to complete essential repair work to the Gilwern breach and priority areas identified along the 16 miles of affected canal by March 2009. However substantial further investment will be required for a winter engineering programme in each year from 2009 to 2011. British Waterways and its partners will therefore be looking to widen the base of financial support for the canal to secure the investment required to address the structure’s historic leaks.

Our waterways bring £34million to the Welsh economy every year

"We are investing in the future of this wonderful waterway," explains Julie Sharman, general manager for British Waterways Wales & Border Counties. "But this is just the first step on a road to securing the long-term sustainability of this historic canal and addressing structural issues which date back almost 200 years. The Monmouthshire & Brecon Canal benefits both the local area and the wider economy of Wales. Indeed our waterways bring £34million to the Welsh economy every year for just £3million investment. We will therefore be discussing funding options with key stakeholders and beneficiaries over the coming months to secure a full recovery package."

Support businesses which depend on and contribute to the canal

"The canal is about more than just masonry and water; it is about the people and the boats that bring it to life and contribute to its colour and vibrancy. This is why we will be using part of our investment to support those businesses that directly depend upon and contribute to the canal and will be working with tourism bodies and local businesses to market the canal effectively when it reopens."

Commenting on the announcement the Minister for Heritage for the Welsh Assembly Government, Rhodri Glyn Thomas said: "I applaud the way that British Waterways has handled this issue. The massive investment they are putting in to get the canal up and running would be impressive at any time, but more so now with the funding pressures they are facing. This is a courageous decision which will be welcomed by local people and I would call on all bodies and individuals who care about the canal to pull behind them."