Tideway Interface Agreement

The Government Support Package includes the following documents: the Supplementary Clearing Agreement, the Investment Support Agreement, the Market Clearing Agreement, the Market Clearing Agreement, the Special Offer Agreement, the Discontinuation Agreement and the Shareholder` Direct Agreement. For more information about the Government Support Package, see the document library under License Award Documents. Due to the nature of the Thames Tideway Tunnel, Thames Water will be an important delivery partner for Tideway. The distribution of work between Tideway and Thames Water during the construction and operation periods is governed by the Interface Agreement or the Operations and Maintenance Agreement. In addition, as part of the revenue agreement, Thames Water will recover from its wastewater customers the revenues to which Tideway is entitled under its license. Tideway has procured a wide range of insurance policies in accordance with market best practices. In addition, Tideway has obtained a conditional support package from DEFRA, which acts as the insurer of last instance for extreme risks that cannot be effectively insured by the insurance market (see Government Support Package). The commercial relationship with the three consortia that will supply most of the tunnel will be managed through NEC3 contracts. Finally, an alliance has been created between Tideway, the three main contractors, the system integrator and Thames Water, to ensure cooperation between all parties involved. This relationship is governed by the Alliance Agreement. The PMC contract defines the business relationship between Tideway as a customer and CH2M as a project manager.

The license defines Tideway`s core tasks, other commitments, and the building blocks of Tideway`s revenues before 2030. To learn more about our license and other regulatory documents, click here. These agreements are key to ensm to ensure tideway`s risk profile is similar to that of a well-established UK regulated water company. . . .

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