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The Guardian - UK
The Guardian - UK
Business
Alex Lawson and Anna Isaac

Thames Water to add to debt mountain in bid for survival

Ongoing water pipe work in London.
Ongoing water pipe work in London. Thames Water already has £15.6bn of debt. Photograph: Leon Neal/Getty Images

Thames Water is preparing to tap debt markets within weeks in an attempt to fund a rescue plan and repair its threadbare finances, the Guardian can reveal.

It is understood the embattled water company is planning to publish a revised five-year spending plan within days, before a deadline next month. Its board is expected to meet on Thursday to rubber-stamp the plan, and executives hope to release it on Friday.

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