£40m for wa­ter ser­vice

Glamorgan Gazette - - Celebrity Wellbeing -

WELSH Wa­ter has an­nounced plans for £40m of in­vest­ment over the next year on projects to ben­e­fit cus­tomers.

Dwr Cymru Welsh Wa­ter, the only not-for-profit wa­ter com­pany in Wales and Eng­land, con­firmed the in­vest­ment as part of its “cus­tomer div­i­dend”, which sees the money it makes go­ing di­rectly back into wa­ter and waste­water ser­vices for its cus­tomers.

The in­vest­ment fol­lows fi­nan­cial re­sults re­ports and “strong over­all op- er­a­tional per­for­mance” in the past year. It also fol­lows con­fir­ma­tion that the com­pany has held av­er­age cus­tomer bills at, or be­low, the rate of RPI in­fla­tion for nine con­sec­u­tive years.

This is in ad­di­tion to the amounts the com­pany has in­vested in its in­fra­struc­ture over the past year, with £430m of cap­i­tal in­vest­ment.

The £40m will help fund ex­tra in­vest­ment in projects to ben­e­fit cus­tomers across most of Wales.

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