This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/uk-wales-30723677

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Welsh Water: £230m European loan to aid investment bill Welsh Water: £230m European loan to aid investment bill
(about 3 hours later)
Welsh Water has secured a £230m European loan to help meet a £1.5bn bill to invest in its network of pipes and sewerage sites across Wales.Welsh Water has secured a £230m European loan to help meet a £1.5bn bill to invest in its network of pipes and sewerage sites across Wales.
The not-for-profit water company says the money will be used as part of a five-year investment plan.The not-for-profit water company says the money will be used as part of a five-year investment plan.
The loan facility has been agreed by the European Investment Bank, which has provided Dwr Cymru Welsh Water with £500m since 2001.The loan facility has been agreed by the European Investment Bank, which has provided Dwr Cymru Welsh Water with £500m since 2001.
The firm says the loan means services can improve without increasing bills.The firm says the loan means services can improve without increasing bills.
Projects in the pipeline for Welsh Water include £120m to upgrade or rebuild 12 water treatment plants, and a £15m scheme that is being rolled out in Carmarthenshire and Swansea to manage surface water, called RainScape.
Welsh Water's chief executive Chris Jones said he was delighted to have secured the loan offer "as it helps us deliver higher investment and lower bills for our customers".