O ran Cylchffordd Cymru, er cyfarwyddo fy swyddogion i wneud popeth yn eu gallu i gael yr arian dyledus yn ôl ac ystyried yr un pryd pob cyfle i gadw’r prosiect yn fyw, rwyf wedi cytuno i ddileu dwy anfoneb gwerth £14.9 miliwn.  Mae’r anfonebau hyn yn ymwneud â gwarant i Santander Bank ar gyfer benthyciad ganddynt i’r Heads of the Valleys Development Company i ddatblygu cylchffordd rasio ceir Cylchffordd Cymru (COW) ym Mlaenau Gwent.  Mae aelodau’n cofio mae’n siŵr na lwyddodd y cwmni i sicrhau’r cyllid masnachol oedd ei angen i ddatblygu’r gylchffordd a bu’n rhaid rhoi’r gorau i’r prosiect.
In respect of the Circuit of Wales, having instructed officials to make every effort to claw back outstanding monies, and at the same time, look at potential possibilities to continue with the project, I have agreed to writing off two invoices in the sum of £14.9 million.  These invoices relate to the agreeing of a guarantee to Santander Bank for the provision of a loan to Heads of the Valleys Development Company to enable the development of the Circuit of Wales motor racing circuit (COW) in Blaenau Gwent. Members may recall that it transpired the company was unable to secure the commercial funding to develop the circuit and so, the project did not progress.