For over a decade Thames Water has been planning a GBP 4.1bn tunnel to capture raw wastewater which overflows from its sewer system into the Thames River during heavy rains. The project is currently seeking final development consent and has the support of key stakeholders including the Government, the Department for Environment, Food and Rural Affairs, the Environment Agency and the Greater London Authority. However, it remains controversial, principally because no in-depth study has ever been carried out on alternative green infrastructure or blended approaches, and also because Thames Water’s dividend policy and increasing leverage has left it unable to finance the investment without significantly raising water bills.
Tunnel vision: Thames Water and the London Tideway Tunnel
October 21, 2013
About BloombergNEF
BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.
Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →