Tideway, the new company established to construct the Thames Tideway Tunnel in London, has announced a bond issue totalling £100 million to help fund construction of the £4.2 billion supersewer.
A vote to leave the European Union would result in the UK giving up billions of pounds of infrastructure investment every year, the Prime Minister warned on Saturday – an outcome which has significant implications for the UK water sector.
The European Investment Bank has agreed to provide a £700 million loan for the £4.2 billion Thames Tideway Tunnel, the biggest infrastructure project ever undertaken by the UK water industry.
Critics have once again raised questions about the case for the £4.2 billion Thames Tideway Tunnel as part of an ongoing campaign to bring about an end to the project.
Ofwat has today published a paper explaining the reasons behind its decision to grant a Waiver Notice to Infrastructure Provider Bazalgette Tunnel Ltd on procurement provisions for a number of contracts related to Thames Water £4.2 billion Tideway Tunnel project.
Following Thames Water’s announcement of Bazalgette Tunnel Limited as the preferred bidder for the Infrastructure Provider to deliver the Thames Tideway Tunnel Project on 14 July, Ofwat has launched a new consultation prior to granting a project licence and issuing a waiver notice.
A High Court judge has found against Southwark Council in its bid to appeal against the proposals to use Chamber’s Wharf as a drive site for the Thames Tideway Tunnel.
Another step in the legal challenge to the Thames Tideway Tunnel will take place tomorrow morning with a hearing in the Queen’s Bench Division of the High Court before Mr. Justice Ouseley in the Royal Courts Of Justice in London.
Professor Chris Binnie who chaired the original Thames Tideway Strategic Study which recommended that a tunnel should be built, has published a new paper based on Environment Agency data setting out reasons why the Tunnel should not now go ahead.
Thames Water has awarded a security services contract for the Tideway Tunnel worth up to £50million to G4S Security Services (UK) Ltd.