Responding to the launch of the Government’s ‘A New Vision for Water’ white paper, John Kavanagh, Programme Director for Infrastructure at BusinessLDN, said:
“It’s encouraging to see the Government taking meaningful steps towards fixing the foundations of the water sector after years of underinvestment, driven in part by policy choices. Setting a clear direction for the sector and establishing a regulatory model that encourages private investors is essential given the scale of investment required.
“We welcome ministers embracing our recommendation to deliver a more joined-up regional approach to address water needs in different parts of the country, including London. The Government should now build on this approach with a long-term framework that reflects how our water network is interconnected to other sectors in a more holistic way that helps to spread risk and unlock the private investment needed to deliver the infrastructure upgrades required.”
Our ‘Driving Investment in London’s Water Infrastructure: The Need for a Portfolio-based Approach’ report was published alongside Mott Macdonald last month – find out more.