I'm intrigued by Castle Water's surprise £1bn cash injection offer
. It seems like they're trying to differentiate themselves from their rival proposal, which has been criticized for not doing enough to address pollution concerns
. Reynolds' approach makes sense - investing upfront is crucial to tackle these environmental issues and restore Thames Water's reputation
.
I also appreciate his emphasis on upgrading infrastructure, particularly the aging Mogden sewage works in west London
. It's essential to prioritize investment in this area to ensure the company can provide reliable service to its customers. The fact that Castle Water could free up capital by taking a larger hit from creditors and increasing equity investment is a clever move
.
It will be interesting to see how this proposal unfolds, especially given the current turnaround plan proposed by creditors
. Will Reynolds' vision for Thames Water's future prevail? Only time will tell
.
I also appreciate his emphasis on upgrading infrastructure, particularly the aging Mogden sewage works in west London
It will be interesting to see how this proposal unfolds, especially given the current turnaround plan proposed by creditors