Ofwat prepares ground for TTT-style projects

摘要

Ofwat will announce initial proposals this December on how competition on construction and financing costs could be applied to other projects in the sector. The water regulator is keen to implement the process having awarded the Infrastructure Provider licence to the Bazalgette Tunnel consortium to finance and deliver the 16-mile "super-sewer" to tackle the untreated sewage pouring into the Thames, and paid for through Thames Water's customers' bills. Announcing the licence award, Cathryn Ross, Ofwat's chief executive, said the regulator had taken an innovative approach to challenging costs on the project and would see how going out for competition on construction and financing costs - which had resulted in "significant savings" - could be applied to other projects.