Thames Water seeks investor consent for Tideway Tunnel

Thames Water farmoor-reservoir for new website
By Jon Hay
24 Apr 2014

Thames Water this week launched a very large and complex consent solicitation on £5.788bn of its bonds, to prepare the way for the construction of the Thames Tideway Tunnel.

Barclays and Lloyds Bank are arranging the process, which is due to culminate in a series of votes on May 15.

The tunnel is a new, large sewer intended to stop the London sewerage system having to pour raw sewage into the Thames when it rains heavily. The ...

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