Regulator Ofwat has mandated water companies to enhance their project delivery by building more reservoirs and completing major projects more rapidly. In a communication, Ofwat chief executive David Black emphasized the need for water firms to optimize construction and development processes to deliver significant projects within five years. This directive highlights the urgency for innovative approaches to project management within the sector, marking an unprecedented focus on efficiency and timely completion as essential goals for sustainable water management.
We expect construction of a significant number of these major water sector projects to commence within the next five years, an unprecedented ambition for the sector.
We are asking you to consider your major projects or programs of projects and assess how you can accelerate work and/or gain benefits from optimising, development and construction.
Ofwat has emphasized that water companies must deliver projects more efficiently, effectively, and achieve earlier completion.
Regulator Ofwat has urged water firms to build more reservoirs and expedite major projects for the benefit of the sector.
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