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Swansea City Council and the Welsh Development Agency have teamed up to launch a £200 million development plan for the Lower Swansea Valley.The joint venture wants to attract the money to the area by 2003 in an effort to transform a 190 ha swathe of land with commercial, residential and leisure developments.Swansea Vale is to be the new name for the area which stretches from junctions 44 to 45 off the M4.About 44 ha have been earmarked for industrial and commercial development with 53 ha set aside for 1,800 new homes.A golf course is also included in the plans which have offices and hotel site situated next to the motorway intersections. CONSTRUCTION NEWS