10/08/2004
NI water charges in the pipeline, says Spellar
The Northern Ireland Water Service is set to be replaced by a new government-run company, NIO Minister John Spellar has announced today.
Due to begin operating at the beginning of 2006, GoCo will be financed entirely by new water charges within five years.
Mr Spellar said the new company was part of a process of making the system more efficient.
“The provision of water and sewerage services by the new water GoCo will create a need for effective economic and consumer regulation," he said.
"It is vital that the new organisation tasked with the delivery of Northern Ireland's water and sewerage services is given the freedoms and flexibilities it needs to deliver the best possible and most efficient service to customers at affordable prices.
"I believe the GoCo model offers the greatest potential to achieve this goal."
The government, who will own the majority of the shares in the company, said the changes will be accompanied by the start of water charges, although this will not be confirmed until the autumn.
(MB)
Due to begin operating at the beginning of 2006, GoCo will be financed entirely by new water charges within five years.
Mr Spellar said the new company was part of a process of making the system more efficient.
“The provision of water and sewerage services by the new water GoCo will create a need for effective economic and consumer regulation," he said.
"It is vital that the new organisation tasked with the delivery of Northern Ireland's water and sewerage services is given the freedoms and flexibilities it needs to deliver the best possible and most efficient service to customers at affordable prices.
"I believe the GoCo model offers the greatest potential to achieve this goal."
The government, who will own the majority of the shares in the company, said the changes will be accompanied by the start of water charges, although this will not be confirmed until the autumn.
(MB)
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