30/09/08
Investment in water and sewerage infrastructure in England and Wales has risen, with water companies on track to complete planned improvements as anticipated by 2010.
The latest financial report from regulator Ofwat shows that companies together invested more than £13m per day – a total of nearly £5bn in the year to March 2008 – in essential networks.
This is the highest level of investment for years and adds up to some 53 per cent of total industry turnover. More than half of this has been spent to ensure reliable water and sewerage services for customers by replacing or maintaining water mains and sewers.
Financial performance and expenditure of the water companies
in England and Wales 2007-08
Ofwat report
Water industry increases investment to strengthen essential networks
Contact: Rob Wesley
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