NI Water's sewage bond costs rapped
NI Water has defended the level of sewage bond securities paid by developers of new houses after criticism from a building boss.
Jamesy Hagan of Hagan Homes argued the bonds were higher than other parts of the UK.
"Our major concern is that in Northern Ireland this bond is 40% of the cost of the construction of the sewers, compared to just 10% in England," he said.
He accused NI Water of refusing to disclose how it calculated the bonds.
NI Water said bonds were based on a percentage of the estimated costs of the works. It said the levels had been found to be "comparable" with other water companies and had been agreed following discussions with stakeholders including industry body the Construction Employers Federation.
"The bond ensures developers have enough financial cover to fulfil their obligations to complete sewer connections to the standard required by NI Water for adoption," it added.