{"id":17053,"date":"2023-05-14T23:02:52","date_gmt":"2023-05-15T06:02:52","guid":{"rendered":"https:\/\/essential.construction\/news\/thames-water-to-spend-extra-700m-on-cutting-leaks\/"},"modified":"2023-05-14T23:02:57","modified_gmt":"2023-05-15T06:02:57","slug":"thames-water-to-spend-extra-700m-on-cutting-leaks","status":"publish","type":"post","link":"https:\/\/essential.construction\/news\/thames-water-to-spend-extra-700m-on-cutting-leaks\/","title":{"rendered":"Thames Water to spend extra \u00a3700m on cutting leaks"},"content":{"rendered":"

\"-\"<\/a>
\n<\/p>\n

\n

Industry regulator Ofwat has backed\u00a0 Thames releasing an extra \u00a3700m to tackle water leakage in the Capital with 112km pipeline replacement programme.<\/span><\/p>\n

At Price Review 19, the regulator conditionally granted Thames \u00a3300m to enhance the performance of its London water network subject to first meeting some set targets. <\/span><\/p>\n

Thames Water has since met the agreed requirements and committed a significant shareholder investment of \u00a3400m in water supply.<\/span>\u00a0<\/span><\/p>\n

The \u00a3300m will now be pumped into future-proofing London\u2019s pipework, helping to reduce leaks and protect our water supply. <\/span>\u00a0<\/span><\/p>\n

Firms expected to benefit from the raised spend include: Murphy, Barhale, Morrison Utility Service, Galliford Try.<\/p>\n

In line with Ofwat\u2019s approval, Thames Water has now agreed to:\u00a0<\/span><\/p>\n

1.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Reduce the number of leaks across London by 2030 \u2013 saving 27.8 megalitres per day and reducing the number of mains repairs by 208 times per year <\/span>\u00a0<\/span><\/p>\n

2.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Delivering the Future London Strategy \u2013 including ambitious plans to reduce leakage by 50%<\/span>\u00a0<\/span><\/p>\n

3.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>Assessing pipework across the city to see if it\u2019s fit for the future\u00a0<\/span>\u00a0<\/span><\/p>\n

Nevil Muncaster, London Operations Director at Thames Water, said: \u201cFixing the basics is a key part of our ambitious turnaround plan. <\/span><\/p>\n

\u201cWe are always closely assessing our infrastructure and are pleased that Ofwat backed our business case to replace 112km of our leakiest water mains pipes across London. <\/span><\/p>\n

\u201cWe believe in making every drop count and once complete this ambitious project with help us to save 27.8 megalitres of water every single day- that\u2019s equivalent to 11 Olympic-sized swimming pools.<\/span><\/p>\n

\u201cOur shareholders have also provided a substantial \u00a3400m investment to ensure we can improve our operations and outcomes for customers, whilst increasing our resilience.\u201d <\/span>\u00a0<\/span><\/p>\n<\/p><\/div>\n