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Super sewer contractors safe from Thames Water crisis

Construction Enquirer

Contractors working on the £4.1bn Thames Tideway project will still get paid whatever happens to debt stricken client Thames Water. The company told the Enquirer that the massive infrastructure project will not be hit by doubts over its financial future.

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$220B in IIJA funds announced so far

Construction Dive

Even as the White House detailed how money is rolling out, contractors and other groups are watching infrastructure act funding during negotiations over the debt ceiling.

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G7 Nations to Invest $600B in Range of Infrastructure Projects in Developing Nations

ENR Construction

The funds will enable developing nations to build much-needed construction projects without being overwhelmed by debt.

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New Infrastructure Funding Sources Step Up in Canada

ENR Construction

A shrinking budget deficit is usually good news, but a drop in federal debt in Canada is raising concerns over delays in government efforts to funnel infrastructure money into projects.

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Thames Water presses ahead with £300m framework race

Construction Enquirer

Despite growing concern about Thames Water’s high debt levels, the water company is pressing ahead with the race to find consultants to head up its strategic water resources options plan. The plans to encourage the construction of a water network is part of regulator Ofwat’s drive to secure water supplies.

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Precast cladding contractor goes into administration

Construction Enquirer

Geoff Jacobs, managing director at Interpath Advisory and joint administrator, added: “Although the business has ceased to trade, it has a well-established infrastructure, a strong customer base and there may be an opportunity for parties who can move quickly to acquire the business and assets.

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Detroit’s problems may make blue infrastructure codes more likely

BD+C

The City of Detroit’s financial problems may make it more likely to adopt blue infrastructure standards. But with suburban customers rebelling against high water rates and Wall Streetbond rating agencies downgrading the city’s water department debt this month to “junk” status, that option may be increasingly limited.