English: So, as a general rule, MIM schemes are expected to be more expensive than traditional capital investment. However, the actual cost for the MIM scheme will be a factor of that specific project and the procurement exercise that goes on ahead of it. And there'll be many factors that play a part. So, borrowing costs, capital costs, operating costs, and the risk transfer being some of those particular factors. It is important to recognise that we'll be generating an additional investment of over £1 billion through the mutual investment model. Now, we're using this model because that's £1 billion of investment that we would just not be able to make otherwise, and it is a creative way in which to bring investment in. But, as I say, because of the scale of these projects, they are projects that would not be coming forward otherwise. I've mentioned before, and I know that Mike Hedges is really familiar with the way in which we take our approach to using conventional capital first to fund public infrastructure projects, and then going through those European funds, and then using the borrowing powers, and then, if we still don't have the funding that we need for the infrastructure ambitions that we have, we will be looking to the mutual investment model, or other models such as the housing finance grant, the coastal funding programme that we have in place and so on. So, I think it's important to think creatively, but also to recognise that we've sought to try and ensure that the disbenefits of the traditional PFI schemes aren't part of the MIM programme, but recognising that this is investment that otherwise would just simply be unaffordable.
Welsh: Fel rheol, mae disgwyl i gynlluniau model buddsoddi cydfuddiannol fod yn ddrytach na buddsoddiad cyfalaf traddodiadol. Fodd bynnag, bydd gwir gost y cynllun model buddsoddi cydfuddiannol yn ffactor yn y prosiect penodol hwnnw a'r ymarfer caffael a gynhelir cyn hynny. A bydd llawer o ffactorau yn chwarae rhan. Felly, mae costau benthyca, costau cyfalaf, costau gweithredu, a'r trosglwyddiad risg yn rhai o'r ffactorau penodol hynny. Mae'n bwysig cydnabod y byddwn yn cynhyrchu buddsoddiad ychwanegol o dros £1 biliwn drwy'r model buddsoddi cydfuddiannol. Nawr, rydym yn defnyddio'r model hwn gan fod hwnnw'n fuddsoddiad o £1 biliwn na fyddem yn gallu ei wneud fel arall, ac mae'n ffordd greadigol o ddenu buddsoddiad. Ond fel y dywedaf, oherwydd maint y prosiectau hyn, maent yn brosiectau na fyddent yn cael eu cyflwyno fel arall. Rwyf eisoes wedi crybwyll, a gwn fod Mike Hedges yn gyfarwydd iawn â'r ffordd rydym yn defnyddio cyfalaf confensiynol yn gyntaf i ariannu prosiectau seilwaith cyhoeddus, ac yna'n mynd drwy'r cronfeydd Ewropeaidd hynny, ac yna'n defnyddio'r pwerau benthyca, ac yna, os nad oes gennym y cyllid angenrheidiol o hyd ar gyfer ein huchelgeisiau seilwaith, byddwn yn ystyried y model buddsoddi cydfuddiannol, neu fodelau eraill fel y grant cyllid tai, y rhaglen ariannu arfordirol sydd gennym ar waith ac ati. Felly, credaf ei bod yn bwysig meddwl yn greadigol, a chydnabod hefyd ein bod wedi ceisio sicrhau nad yw anfanteision cynlluniau mentrau cyllid preifat traddodiadol yn rhan o raglen y model buddsoddi cydfuddiannol, ond gan gydnabod bod hwn yn fuddsoddiad a fyddai'n anfforddiadwy fel arall.