Britain’s debt-laden water utilities are being encouraged by the regulator to set up new privately financed companies to deliver billions of pounds worth of critical infrastructure such as reservoirs, treatment works and pipelines, which will be paid for through customer bills. United Utilities — the water company that came under fire this week over sewage spills at Windermere — is seeking investors for an estimated £1.75bn project to replace the ageing Haweswater Aqueduct; a 110km pipeline in north-west England that was built in the 1950s and provides about a third of the water supply in Manchester, Lancashire and Cumbria. It is one example of a model pushed by the sector watchdog, Ofwat
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