Water Authority accounts show £4.6m surplus

Wed, 16 Nov 2011

The Isle of Man Water and Sewerage Authority had a surplus of £4.6m during the last financial year.

The annual accounts fro 2010/2011 have been published.

In the year 2000, the Authority borrowed £75 million pounds but hasn't had financial support from the Treasury since then

The board says it's committed to repaying the bond and aims to have this done by 2030.