loans

Why is Thames Water in so much trouble?

Why is Thames Water in so much trouble?

Thames Water may have to be taken over by the government if it runs out of money. But why is the UK's largest water company facing a crisis - and are other firms facing similar problems? When the company was privatised in 1989, it had no debt. But over the years it borrowed heavily and is currently £14bn in debt.

Province announces more money for irrigation upgrades

Province announces more money for irrigation upgrades

Alberta’s government announced Friday a $117.7-million addition to the already $815 million being directed toward capital projects in the irrigation sector. The funding was first announced in 2020 as part of the Investment and Growth Strategy, which aims to kick-start provincial economic recovery. Eight of the province’s 13 irrigation districts are participating. “The program is a 30% Government of Alberta grant,” Richard Phillips, general manager of Bow River Irrigation District and chair of Irrigating Alberta Inc., told the News. “The irrigation districts are paying the remaining 70% of that.”

Thunder Bay City Council approves $1.3 million for loans to help residents remove lead water service pipes

Thunder Bay City Council approves $1.3 million for loans to help residents remove lead water service pipes

Thunder Bay residents can now get interest-free loans from the city to help cover the costs of removing lead water service pipes. Councillors unanimously approved a $1.3-million, interest-free loan program on Monday. The loans are available now and come in five-year terms (except for those who qualify for the city's tax and water rebate programs, who can get 10-year loans).