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Thames Water's £6.5bn spending plan revealed

Thames Water has outlined its £6.5 billion spending programme for the next five-year spending period from 2010 to 2015.

The plan, which has been submitted to water regulator Ofwat, includes the £1.3 billion necessary to build phase 1 of the Thames Tideway programme.

This will see the construction of the 7km Lee Tunnel in east London and improvements to the Beckton sewage treatment works.

In addition, the company proposes to start building a new reservoir in Oxfordshire, which will provide up to 10 per cent of the region's water when completed in 2021.

Other major expenditure includes extensive maintenance work of the Victoria water mains in London and the installation of 1 million new water metres.