Britain calls for £12bn boost to water network investment

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Britain calls for £12bn boost to water network investment
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Britain's water regulator on Thursday called for the country's utilities to invest the equivalent of £6 million every day for the next five years in plans to reduce pollution and leakages in increasingly stressed UK infrastructure.

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The Water Services Regulation Authority, Ofwat, said the targets of its"most far-reaching price review" ever included cutting pollution incidents by more than a third and reducing supply interruptions by almost two-thirds.

"... We are calling for extra investment of £6 million each and every day to improve the environment and provide services for a growing population. At the same time we expect to see customers' bills cut by an average of £50," Ofwat Chief Executive Rachel Fletcher said. Ofwat's proposals included an additional £12 billion , to be invested over and above business-as-usual costs and investments, to improve services for future generations including by building reservoirs, moving water to where it is needed most and protecting the environment.

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