The Thames Tideway project has been delayed by nine months and an additional £233m has been added to the project costs.
In an update to investors, trading company Bazalgette Finance said its latest modelling indicates that construction work is now likely to be completed in the first half of 2025, and costs are forecasted to hit £4.1bn.
The project’s annual report, published in June, stated that Thames Tideway’s cost estimate had risen to £3.9bn and handover had been pushed back three months to June 2024.
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