Treasury moves to reduce MU debt | Manx Radio

The Isle of Man Government is to shave £95 million from the Manx Utilities debt in exchange for a freeze in water and sewerage rates for the next year.

The MUA currently has a loan of £278 million from Treasury and has a further £260 million debt in bonds.

The Authority will also be asked to establish a new pricing structure that more accurately reflects the cost of service delivery.

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Treasury moves to reduce MU debt – Manx Radio.