Welsh Water: 拢230m European loan to aid investment bill
- Published
Welsh Water wants to spend 拢1.5bn on its network over five years
Welsh Water has secured a 拢230m European loan to help meet a 拢1.5bn bill to invest in its network of pipes and sewerage sites across Wales.
The not-for-profit water company says the money will be used as part of a five-year investment plan.
The loan facility has been agreed by the European Investment Bank, which has provided Dwr Cymru Welsh Water with 拢500m since 2001.
The firm says the loan means services can improve without increasing bills.
Projects in the pipeline for Welsh Water include 拢120m to upgrade or rebuild 12 water treatment plants, and a 拢15m scheme that is being rolled out in Carmarthenshire and Swansea to manage surface water, called RainScape.
Welsh Water's chief executive Chris Jones said he was delighted to have secured the loan offer "as it helps us deliver higher investment and lower bills for our customers".
- Published12 December 2014
- Published12 June 2014
