United Utilities has appointed EY to act as financial adviser on its £750 million Manchester and Pennines resilience scheme planned for AMP7.
The water company has included the project - provisionally called Manchester and Pennines Resilience (MaPR) - as part of its PR19 business plan submission.
The scheme is intended to be delivered via Ofwat’s new direct procurement for customers (DPC) approach.
United Utilities said it needed the support of a financial adviser throughout the project to support and advise through to financial close out. The project will have a relatively long lead time until the anticipated financial close in summer 2022.
When United Utilities went out to tender it stipulated that potential bidders would need strong credentials in assisting clients to prepare businesses cases under this model within similar timescales. The water company was also looking for experience in UK infrastructure projects, particularly in advising on projects which have the UK Government and UK economic regulators as key stakeholders.
The initial contract term is expected to be 3 years, with the potential for a further extension beyond financial close for up to a further 2 years.
The contract, worth an estimated £2 million, has been awarded to Ernst and Young LLP, one of three companies in the bidding for the corporate finance and venture capital services contract.
Barhale has completed work on two separate Rapid Action Taskforce Spills projects it is carrying out for Severn Trent.
Börger UK, which has firmly established itself as a leading pump brand since it was set up in Staffordshire in 2004, has moved into bigger, brand-new premises in Shrewsbury.
HUBER Technology UK & Ireland are inviting people to register for their March webinar where they will be providing information about HUBER water intake screens for municipal and industrial applications.
Sulzer has launched a new global Center of Excellence (CoE) for Water Treatment Solutions - the CoE consolidates Sulzer’s wastewater treatment expertise in a unified and global manner.
Hear how Scottish Water has completed its £235 million Ayrshire Glasgow Resilience Project - customers across Greater Glasgow, Ayrshire and East Renfrewshire will now benefit from a more secure and resilient water supply.
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest.
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