The document sets out our proposed amendments to the conditions that attach to the project licence of Bazalgette Tunnel Limited (trading as Tideway). The proposed amendments are required to give effect to: 1) an alternative sharing rate between Tideway and Thames Water’s customers for Covid-19 impacted costs on the Thames Tideway Tunnel project; and 2) a different depreciation rate for Covid-19 impacted costs.
In addition we are consulting on potentially accepting an amendment to a regulatory milestone date to take into account the delay caused to the project by Covid-19, although this amendment is only likely to be introduced later, once the extent of delay (if any) is known.
Where to send submissions
If you wish to make representations on this proposal please submit your representations by email to [email protected].
Representations must be received by Ofwat on or before 7 May 2021.