The one-time frontman for the Channel Tunnel contractors’ joint venture will now oversee the raising of the £4.1bn required to build London’s planned ‘super sewer’.
As previously reported, eight contractors have recently been shortlisted for the £2.3bn main construction packages
The Thames Tideway Tunnel is a 25km-long sewer that is designed to help tackle the problem of overflows from the capital’s Victorian sewers and protect the River Thames from pollution.
The project is expected to be financed and delivered by an independent infrastructure provider (IP), with its own licence from Ofwat. Thames Water, Ofwat and the government are continuing to work together to finalise the financing arrangements for the project. Procurement of the new IP is expected to begin in 2014 and is anticipated to take between six to nine months.
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