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PROJECT UPDATE GEOFF LOADER, HEAD OF STAKEHOLDER ENGAGEMENT

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Presentation on theme: "PROJECT UPDATE GEOFF LOADER, HEAD OF STAKEHOLDER ENGAGEMENT"— Presentation transcript:

1 PROJECT UPDATE GEOFF LOADER, HEAD OF STAKEHOLDER ENGAGEMENT
SEPTEMBER 2015

2 Background

3

4 Progress over the last 12 months
Development Consent Order granted (12 September 2014) Andy Mitchell appointed Chief Executive Officer (January 2014) Main Works preferred tenderers announced (February 2015) Licence award granted by Ofwat (August 2015) Investors appointed for Bazalgette Tunnel Limited (August 2015) Main Works Contractors appointed (August 2015)

5 PLANNING AND CONSULTATION

6 Responses during consultation days of public exhibitions held
Consultation and Community Engagement 30 Months development 9,400 Responses during consultation 114 days of public exhibitions held Over 200 meetings attended

7 Route to Development Consent
Over six years of project development, planning and extensive consultation Planning Act 2008 Public consultation DCO application 50 separate documents 50,000 pages in total, including a 25,000 page Environmental Statement. Development Consent granted 12 September 2014

8 Received Support for the project

9 DELIVERING THE PROJECT

10 Delivery model Thames Water worked with the Government and Ofwat to consider a range of models to ensure a value for money solution A new regulated Infrastructure Provider, Bazalgette Tunnel Limited (BTL), has been formed under the Flood and Water Management Act 2010 Regulated by Ofwat Tendered through a competitive process and will build, manage and maintain the tunnel. Thames Water will operate it £1.1bn of investment is from Thames Water, £3.1bn is from BTL Licence awarded 24 August 2015. Flat bills for Thames Water customers

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12 Bazalgette Tunnel Limited
The new Infrastructure Provider is the first Wastewater only company in the UK. It is made up of the following shareholders:

13 About Tideway Bazalgette Tunnel Limited
New, independent regulated water company First one created in 20 years, 6th largest in the country Only waste-water-only water company in the country UK tax based company Invested funds representing 1.7 million UK pensioners Ambition is long-term modest returns Keen to see Highest standards of Health Safety and Wellbeing Delivered at demonstrable value for money Earning a positive reputation As soon as possible

14 West Central East System Integrator
Main Works Contractors West Central East System Integrator All contracts awarded 24 August 2015

15 London Clay/Lambeth Group/Thanets
Main Construction Works WEST London Clay CENTRAL London Clay/Lambeth Group/Thanets EAST Chalk

16 2015 2016 2017 2021 2022 2023 Timetable BTL granted licence by Ofwat
Main Works contracts awarded 2016 Main works preliminary construction begins 2017 Tunnelling begins 2021 Tunnelling ends 2022 System commissioning begins 2023 Project completion


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