United Utilities Group, a London-listed water company, has announced plans to invest £13.7 billion ($16.7 billion) in its waste and wastewater infrastructure between 2025 and 2030. This significant investment aims to drive regulatory capital value growth at a rate of 8.7% per year.

The company's recently submitted business plan for the five-year period will support a total of 30,000 jobs in the North West of England, including 7,000 new positions.

Funding for the plan will come from a combination of equity and debt sources, ensuring the necessary resources are available for its successful implementation.

United Utilities Group's Chief Executive, Louise Beardmore, expressed confidence in the plan's ability to deliver long-term solutions. The company aims to secure water supplies for the future, reduce the frequency of hosepipe bans, minimize storm overflow spills into rivers and seas, and upgrade its water network to improve customer experience by reducing leakage and service interruptions.

California Gov. Gavin Newsom Names Laphonza Butler to Fill U.S. Senate Seat

European Telecoms Call for Regulatory Framework Overhaul

Leave A Reply

Your email address will not be published. Required fields are marked *

Related posts

Market Update Highlights
News

Market Update Highlights

Stay updated with the latest market news on futures, stocks, currency, commodities, and bond yields. Get a summary of gl...

Recent High-Profile Departures Shake Fortescue Metals Group
News

Recent High-Profile Departures Shake Fortescue Metals Group

Fortescue Metals Group faces high-profile departures in top executive roles while staying committed to clean-energy goal...

Broadcom's Takeover of VMware Cleared by British Regulators
News

Broadcom's Takeover of VMware Cleared by British Regulators

Broadcom's planned acquisition of VMware has received clearance from British regulators, but concerns remain about appro...

Inflation Report Shakes Up Wall Street's Forecasts
News

Inflation Report Shakes Up Wall Street's Forecasts

January's higher-than-expected inflation reading causes a decline in stocks and increases bond yields. Experts revise in...