01/10/07
Summing up the financial performance and expenditure of water companies in England and Wales in 2006-07, Ofwat reports that "companies are continuing to invest to deliver environmental and quality improvement".
The regulator demands improvements but this strong investment performance is undoubtedly good news for customers, investors and the environment. Drinking water quality is virtually perfect; rivers are cleaner than ever; efficiencies deliver value for money; and investors have confidence in the industry's success.
In the two decades following privatisation of the water and sewerage companies in 1989 the water industry in England and Wales is on course to invest nearly £70 billion in the country's environment and quality of life.
Read the report:
Financial performance and expenditure of the water
companies in England and Wales 2006-07 report
Contact: Barrie Clarke
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