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Do you have an example?
As far as I know TW managed to convince a Tory SoS for the Environment and the Treasury to allow an increase in annual water bills to cover the costs of the Thames Super Sewer in advance to fund the construction.
mespilus-
I was listening on radio 4 about the shocking state of the water / sewage in Northern Ireland.
Seems no money in the public purse to run it properly.
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Tideway who are constructing and will operate the sewer is a separate company from Thames Water. Thames via customer bills is paying 1.2bn, Tideway then raised £1.7 billion of debt and £1.3 billion of equity. Of the debt, about £1 billion came from bond sales and £700 million of debt comes from a European Investment Bank loan. Customers bills then keep paying tideway to operate it via bills.
midlife
greentricky
Yes and no, yes asset maintenance, replacement and creation is paid for by bill payers but the cost is spread over the bill for decades, the money to pay for the investment is funded via debt