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Scottish Water announces £3.5bn investment | Scottish Water announces £3.5bn investment |
(35 minutes later) | |
Scottish Water has announced a £3.5bn investment programme to improve water mains and drinking water supplies. | Scottish Water has announced a £3.5bn investment programme to improve water mains and drinking water supplies. |
The publicly-owned company's six year investment programme is expected to support 5,000 jobs. | The publicly-owned company's six year investment programme is expected to support 5,000 jobs. |
The programme is supported by £720m in borrowing from the Scottish government. | The programme is supported by £720m in borrowing from the Scottish government. |
Scotland's Deputy First Minister, Nicola Sturgeon, said she expected the company to deliver the investment without raising customer bills above the level of inflation. | Scotland's Deputy First Minister, Nicola Sturgeon, said she expected the company to deliver the investment without raising customer bills above the level of inflation. |
The Scottish government said Scottish Water had planned projects including: | The Scottish government said Scottish Water had planned projects including: |
'Financial pressure' | 'Financial pressure' |
A Scottish government policy statement said water charges must remain stable. | A Scottish government policy statement said water charges must remain stable. |
It also announced an extension of assistance to charities to help them pay for water services. | It also announced an extension of assistance to charities to help them pay for water services. |
Ms Sturgeon said: "Water and sewerage services are vital to our everyday lives. | Ms Sturgeon said: "Water and sewerage services are vital to our everyday lives. |
"It is important that we continue to invest to ensure that these keep on meeting the needs of customers, the environment and economic development. | "It is important that we continue to invest to ensure that these keep on meeting the needs of customers, the environment and economic development. |
"I recognise that households and businesses are under financial pressure. | "I recognise that households and businesses are under financial pressure. |
"That is why I expect Scottish Water to continue to deliver this £3.5bn investment programme without the need for inflation-busting charge increases." | "That is why I expect Scottish Water to continue to deliver this £3.5bn investment programme without the need for inflation-busting charge increases." |
Scottish Water's chief executive, Douglas Millican, said: "I am delighted that we are announcing the start of this major investment programme for 2015-21 which will enable Scottish Water to continue to provide first-class customer service, while supporting the Scottish economy and creating jobs in the construction industry." | Scottish Water's chief executive, Douglas Millican, said: "I am delighted that we are announcing the start of this major investment programme for 2015-21 which will enable Scottish Water to continue to provide first-class customer service, while supporting the Scottish economy and creating jobs in the construction industry." |
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