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NI Water announces £1.5bn plans NI Water announces £1.5bn plans
(about 1 hour later)
NI Water has announced plans to spend another £1.5bn upgrading water and sewage systems over the next eight years.NI Water has announced plans to spend another £1.5bn upgrading water and sewage systems over the next eight years.
In a contract advertised on Tuesday it asked for expressions of interest from consultants and contractors to from a "capital delivery alliance."In a contract advertised on Tuesday it asked for expressions of interest from consultants and contractors to from a "capital delivery alliance."
The company said it was currently spending up to £150m on infrastructure every year.The company said it was currently spending up to £150m on infrastructure every year.
The new spending plans will have to be approved by the utility regulator.The new spending plans will have to be approved by the utility regulator.
NI Water, a government owned company, was formed in 2007.
It inherited a significant backlog of under investment.
The company said that since it was founded it had invested nearly £1m every working day and opened five major wastewater schemes.
The regulator is expected to give his verdict on the spending plans for 2010 - 2013 in September.