News Formal

£88bn Investment To 'Fix Foundations' Of Water Industry

  • 📰 i newspaper
  • ⏱ Reading Time:
  • 31 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 89%

Environment News

Water Infrastructure,Sewage Overflows,Investment

The UK government is guaranteeing tens of billions of pounds of private investment over the next five years to upgrade the water sector, including new sewage overflows, reservoirs, and major pipe upgrades. Environment Secretary Steve Reed called it the “biggest ever investment” in the industry, aiming to address issues with sewage systems and infrastructure.

Environment Secretary Steve Reed said the investment is the"biggest ever" in the water sectorTens of billions of pounds of private finance is guaranteed to be spent over the next five years to build new sewage overflows, reservoirs and major pipe upgrades, the

But officials have insisted that under the Government’s reforms, every penny of cash raised will be invested into major infrastructure upgrades, rather than being syphoned off in dividends to investors. Delivering a speech at Labour’s annual conference in Liverpool on Monday, Mr Reed will say: “The work to fix our broken sewage system starts immediately with tens of billions of pounds of private-sector investment that will create good, well-paid jobs in every part of the country.

“I’m calling time on all that today. This government of service will fix the foundations and clean up our waterways.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tony Bloom urged to seek out Rangers investment over Hearts for 10m investmentBloom's sports analysis company Starlizard are in talks over an investment in the Jambos
Source: Daily_Record - 🏆 9. / 89 Read more »

10 Best Foundations For Acne Prone Skin 2024, Approved byEditors and Industry ExpertsStruggle with acne prone skin? We’ve tried and tested the best foundations for you. From full coverage to dewy finishes, we have it all. Read more on Grazia
Source: GraziaUK - 🏆 15. / 78 Read more »