Thames Water may need £10 billion to fix financial troubles, court hears

Thames Water may require up to £10 billion in investment to address its financial issues, significantly more than the £6.3 billion previously estimated. This was revealed in a high court hearing where creditors seek to provide £3 billion in emergency funding. The company is facing potential nationalization due to its financial struggles, which could impact water and sewage services for 16 million people in London and southeast England. The court is set to decide on the emergency funding, as Thames Water risks running out of cash by the end of March. Experts suggest the funding needs could cover unexpected costs and regulatory fines, aiming for a stable financial footing. The situation has raised concerns about the broader implications for UK infrastructure investment.