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08Oct92 UK: SPENDING ON INFRASTRUCTURE BY WATER SERVICE COMPANIES IS ON TARGET ACCORDING TO REGULATORY BODY OFWAT.

Spending on infrastructure by water service companies is broadly on target despite a sharp fall in tender prices and changes in programmed work.Water watchdog Ofwat last week estimated construction prices were running 15 per cent below levels assumed in 1989 because of the recession.Water and Sewage companies have spent some of the extra cash on accelerating their programmes to meet EC standards for bathing water and waste water.But this has knocked back investment elsewhere. In the ...

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