Thames Water shareholders have agreed a plan to invest a further £1.5 billion over the next three years. This will come in the form of £500 million in this financial year, with talks ongoing to provide an extra £1 billion, subject to certain performance milestones. Combined with the £500 million previously committed by investors, this represents an increase in expenditure for AMP7 to £11.5 billion, from the £9.6 billion agreed in Thames’ final determination.
Thames investors commit an extra £1.5bn
