Regulator knocks £16bn off water investment plans

Digital Edition: Regulator knocks £16bn off water investment plans

Ofwat has cut water companies’ plans to upgrade critical infrastructure by £16bn amid public scrutiny over firms’ performance. Last October, water companies proposed £96bn of infrastructure works to Ofwat for the 2025 to 2030 investment period. Some companies resubmitted their business plans in March, increasing…
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