NWC to undertake $4-billion water project
The National Water Commission's, K-Factor Unit is to spend just over $4 billion out of a $10 billion budget, on water projects islandwide, during the current fiscal year.
The K-Factor allows the NWC to use a pre-determined percentage charged to customers’ bills to implement non-revenue water reduction, sewerage, and other specifically approved projects.
The funds are later repaid to customers as an X-Factor on their bills.
Water Minister, Robert Pickersgill says the scheduled expenditure forms part of almost $30 billion worth of projects approved by the Office of Utilities Regulation to reduce the NWC’s 70 per cent non-revenue water losses.
Pickersgill says State Minister, Ian Hayles, has been mandated to liaise with Members of Parliament and Councillors to identify the most critical areas which need water.
The NWC’s board has established a Projects Committee to drive the implementation of projects.
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