Scottish Water seeks funding security
- From: Vol 8, Issue 7 (July 2007)
- Category: General
- Region: Europe
- Country: United Kingdom
- Related Companies: Satec, Scottish Water and Standard & Poor’s
The recent election results in Scotland could threaten Scottish Water’s funding lifeline. Current CEO Jon Hargreaves won’t have to worry for long.
Scottish Water needs a guarantee of £200 million a year from the Scottish Parliament to avoid the possibility of its being forced to raise prices or rely on more PFI project funding, says Sir Ian Byatt, chairman of the Water Industry Commission in his latest report.
While Scottish Water does, in fact, receive £200 million a year from the government ...
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