How is Thames Tideway funded?

The company is backed by pension funds and other long-term investors represented by Allianz, Amber Infrastructure Group, Dalmore Capital and DIF, and the investor group includes a “significant proportion” of UK pension funds with over 1.7 million members.

Who owns the Thames Tideway Tunnel?

Tideway is the company delivering the Thames Tideway Tunnel. It is owned by a consortium of investors, and more than two million pensioners have an indirect investment in Tideway through UK pension funds managed by those investors.

Who is paying for London super sewer?

The cost of the project is being paid for by Thames Water’s 15 million waste water customers through their bills, which will rise by no more than £25 per year, says Tideway. Bazalgette Tunnel Limited (BTL) is the licensed infrastructure provider for its finance, building, maintenance and operation.

Is London’s super sewer finished?

Tunnelling on London’s ‘super sewer’ is officially complete, some four years after work begun. The tunnel runs 25km from east to west London and at its deepest is around 70m deep. Once operational in 2025, the new super sewer will dramatically reduce sewage pollution of River Thames.

How much does Tideway cost?

The tunnel will cost £3.8bn to complete, and an additional £1.1bn has already been spent by Thames Water for preparatory works. The cost of the project is being paid for by Thames Water’s 15 million wastewater customers through their bills.

Does sewage go into the Thames?

During the whole of 2020, 3.5 billion litres of untreated sewage entered the Thames from Mogden – seven times as much as was dumped in 2016. Thames Water’s chief executive Sarah Bentley admitted the company “struggled to treat the sewage”, blaming the UK’s wettest day on record.

Is Thames Water a private company?

Thames Water Utilities Ltd, known as Thames Water, is a large private utility company responsible for the public water supply and waste water treatment in most of Greater London, Luton, the Thames Valley, Surrey, Gloucestershire, north Wiltshire, far west Kent, and some other parts of England; it has a considerable …

Is there poop in the Thames?

Around 39 million tonnes of sewage flow into the Thames every year. A massive, new sewer is being built to fix that – but is it enough? There’s a lot of poop in London and not enough places to put it.

Is the Thames full of sewage?

How deep is the Tideway Tunnel?

This 6.9 km (4.3 mi) tunnel, running down to 75 m (246 ft) deep from Abbey Mills to Beckton is forecast to capture 16,000,000 m3 (1.6×1010 l), or 16 million tonnes annually from the greatest-polluting CSO point in London.

Is there a tube station under Buckingham Palace?

It’s been announced that the until now secretive tube station built underneath Buckingham Palace is to be opened this summer for people to visit as part of the Platinum Jubilee celebrations.