EIB makes €75m loan to modernise water and sanitation networks in Morocco
The European Investment Bank (EIB) and the Office National de l’électricité et de l’eau potable (ONEE) have signed a €75 million finance contract to increase the capacity of the water production and distribution and sanitation networks in Morocco.
EIB agrees €17bn of new loans and approves new climate lending strategy
The European Investment Bank, Europe’s long-term lending institution, has approved more than €17 billion of new loans which include support for investment in water infrastructure and renewable energy.
Cost to serve per customer – lessons for the water companies?
A new analysis by consultants Arthur D Little on the cost to serve per customer in the utilities sector – specifically the gas and power markets – has highlighted some key issues of interest to the UK water sector, particularly in the run-up to the opening of the competitive marketplace in 2017.
Government lawyers flag up successful completion of £4.3bn Tideway Tunnel contract
The Government Legal Department (GLD) has announced the successful completion of the £4.3 billion contract for the Thames Tideway Tunnel, describing the government support package for the Tunnel as designed “to remove project risks that private sector investors would not have been prepared to take.”
Fitch: BBB+ rating for Bazalgette Tunnel Ltd reflects “substantial protection via strong support commitments from UK Government”
Fitch Ratings agency has assigned Bazalgette Tunnel Limited's initial £1 billion revolving credit facility (RCF) a 'BBB+' rating and assessed the Outlook as Stable.
EIB provides £100m loan for Southern Water AMP6 investment
Europe’s long-term lending institution, the European Investment Bank (EIB), has agreed to provide £100 million to improve water supply and waste water treatment in the Southern Water region.
CCWater says Tideway Tunnel costs must be kept to “absolute minimum” for customers
The Consumer Council for Water (CCWater) is warning that the cost of the Thames Tideway Tunnel scheme to Thames Water’s 5.3 million waste water customers must be kept to an absolute minimum.
Ofwat clarifies IP funding for Tideway Tunnel
Ofwat has issued further information on the funding package for the Tideway Tunnel in response to a request for information received under the Environmental Information Regulations.
London’s economy at risk from climate change impacts, report warns
A report from the London Assembly is warning that London’s economy is at significant risk from extreme world weather and is calling for urgent action to be taken to address the issue.
Southern Water: Fitch Ratings expects operational outperformance in AMP6
Fitch Ratings agency has said it expects Southern Water to achieve capex and operating expenditure outperformance of around £63 million over AMP6 with its affirmation of the firm’s debt-raising vehicle Southern Water (Finance) Ltd's senior secured ratings for its class A debt at 'A-' and its class B debt at 'BBB', with the Outlooks for both as Stable.
News Showcase
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Albion Water appoints new Director of Business Development
Albion Water, the first NAV (New Appointment & Variation) to have been established in1999 and now under the ownership of SDS Water Group, has appointed Andy Holland as its new Director of Business Development. -
Webinar to explore moving indirect potable water reuse to full implementation
UK water companies are invited to join an upcoming webinar which will explore how the sector can take indirect potable reuse (IPR) from concept to full-scale operational reality. -
Kohtari CEO says joined-up water intelligence needed to predict, not just react - not more data
James Sumsion, CEO of predictive water intelligence specialists Kohtari, says the water sector needs to take a giant leap forward, so that it can anticipate and act upon water quality issues - rather than merely react. -
IED compliance – using automated sliding floodgates to support secondary containment at water and sewerage company sites
Ray Moulds, Sales Director at Flood Control International, takes a look at how automated sliding floodgates are supporting secondary containment at water and sewerage company sites.
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Other Latest News
- Ofwat confirms provisional approval of £3.4 billion of further funding for 13 water companies
- United Utilities - giant tunnel boring machine emerges at Knutsford after completing underground drive
- Completion of £4.5 million Greatham Marsh Restoration Scheme sees return of tide for first time in over 200 years
- National Cyber Security Centre adds water sector example to Secure Connectivity Principles for Operational Technology
- Cambridgeshire business to benefit from water efficiency drive
- Met Office issues Amber Extreme Heat warning as temperatures set to peak at 37°C in places
Watch
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Scottish Water completes £235m investment in two-way connection between drinking water networks
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. -
United Utilities accelerates investment to reduce spills from storm overflows across Northwest
Hear how United Utilities is accelerating its investment to reduce spills from storm overflows across the Northwest. -
Working for WSP - what if you could build a career as unique as you? With us, you can
Find out more about the remarkable career opportunities on offer at WSP - scroll down to watch the inspirational video.
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