London Thames Tideway Project Gets National Investment
Posted on: 14/07/2015

The investors have been named for the £4bn London Thames Tideway project, which will see the construction of a “super sewer” under the capital city.

The Utility Company Thames Water has announced the Bazalgette Tunnel as preferred bidder in terms of the infrastructure contribution. Bazalgette Tunnel, a special purpose company, is funded by Allianz, Amber Infastructure Group, Dalmore Capital and DIF.

Whilst nothing has yet been officially confirmed, it is highly likely that the Bazalgette Tunnel will be offered the infrastructure side of the projects and as equally high a change that it will be accepted by the firm.

The sewer will soar for 25KM from Acton in the west of London, all the way through to Abbey Mills, which is near Stratford in the east.

Not only will this work help to restrict the amount of sewage into the Thames and will simultaneously provide an influx of available work to the city. The works, expected completion in 2023, will be overseen by Sir Neville Simms, and former Crossrail programme director Andy Mitchell as chief executive.

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