A fund, managed by Macquarie Asset Management, will invest more than £1bn into Southern Water and its holding companies, and has promised improvements for customers and the environment.
Ofwat welcomes the investment and has been clear about the need for improvements in performance.
Below you can read correspondence between Leigh Harrison, Head of Macquarie Infrastructure and Real Assets, part of Macquarie Asset Management and Jonson Cox, Chair, Ofwat.