Thames Water may have to be taken over by the government if it runs out of money. But why is the UK's largest water company facing a crisis - and are other firms facing similar problems? When the company was privatised in 1989, it had no debt. But over the years it borrowed heavily and is currently £14bn in debt.
Province announces more money for irrigation upgrades
Alberta’s government announced Friday a $117.7-million addition to the already $815 million being directed toward capital projects in the irrigation sector. The funding was first announced in 2020 as part of the Investment and Growth Strategy, which aims to kick-start provincial economic recovery. Eight of the province’s 13 irrigation districts are participating. “The program is a 30% Government of Alberta grant,” Richard Phillips, general manager of Bow River Irrigation District and chair of Irrigating Alberta Inc., told the News. “The irrigation districts are paying the remaining 70% of that.”
Thunder Bay City Council approves $1.3 million for loans to help residents remove lead water service pipes
Thunder Bay residents can now get interest-free loans from the city to help cover the costs of removing lead water service pipes. Councillors unanimously approved a $1.3-million, interest-free loan program on Monday. The loans are available now and come in five-year terms (except for those who qualify for the city's tax and water rebate programs, who can get 10-year loans).