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<p>The Thames Tideway Tunnel is being financed and built by Bazalgette Tunnel Limited,
also known as Tideway. Tideway report quarterly to Government on progress. In their
most recent report, covering October to December 2018, Tideway report that construction
is on track. The tunnel will be operational by 2023.</p><p> </p><p>Tideway issued
a press release on 4 April which outlines recent progress and updates their latest
cost estimate. Their revised estimate is £3.361 billion (in 2014/15 prices), which
is an increase of £217m on the £3.144 billion baseline set at the start of the project.
Tideway estimates that it does not change the estimated £20-25 peak annual cost for
Thames Water customers (in 2014/15 prices), as overall costs remain within that range.
This level of increase has no impact on the taxpayer.</p><p> </p><p> </p><p> </p>
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