Comment
Core Strategy Preferred Approaches
Representation ID: 783
Received: 08/07/2008
Funding for investment to strategic infrastructure can normally be obtained through the periodic review of prices, subject to approval by Ofwat. however, if investment is required to local water or sewer networks, Ofwat takes the view that water and sewerage companies should seek to finance this work through contributions from developers. This reduces the financing burden on existing customers, who would otherwise have to pay through increases in general charges.
The formal requisition procedures set out in the Water Industry Act 1991 provide a legal mechanism for developers to provide the necessary infrastructure to service their site. Southern Water will look to the Council to support this approach to ensure that development does not take place until infrastructure with adequate capacity is provided.