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Thames would want to raise the money involved through increased prices. The regulator Offwat is sceptical of their abilities as they fail to meet current repair targets. The Mayor is happy to blame Thames Water for any shortcomings but also wants to avoid taking any for the massive disruption that installing a new sewer system would have on traffic.
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London sewerage system is either included in the 2006 Wikipedia CD Selection or is a candidate for inclusion in the next version (the project page is at WPCD Selection). Please maintain high quality standards, and if possible stick to GFDL and GFDL-compatible images.
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