Investment backers sought to fund Tideway Tunnel

摘要

Thames Water is seeking investment backers in a bid to fund its controversial super-sewer in London. The water company, which is setting up a new company that will own the Thames Tideway Tunnel, is expected to formally advertise for international backers in May. The process is being led by investment bank UBS, and is understood that investors will be repaid with interest from increased water bills paid by Thames' customers. Thames is owned by a myriad of international investors from Australia, China, Abu Dhabi and even BT's pension fund Hermes. Some of these could be tempted to invest in the 15-mile sewer, which will run west to east across the capital.