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Thames Water says new Abingdon reservoir could cost bill-payers up to £7.5bn

Costs could rise to three times original budget in blow to government’s reservoir expansion plansStruggling Thames Water has said a new reservoir in Oxfordshire could cost more than three times the original budget, pushing the eventual cost to be covered by water bill-payers to as much as £7.5bn.In a blow to government plans for an expansion in the number of reservoirs across south-east England, the heavily indebted utility said a review of the Abingdon project had sent the estimated cost of construction from £2.2bn to between £5.5bn and £7.5bn. Continue reading...

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