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Essex waste closes
1 June 2012
The Essex waste PFI deal has reached financial close with three banks.
Nord LB, SMBC and Bayern LB will each take a share of the debt on the £100m deal to deliver a new main waste treatment plant for Essex county council, the 12 district borough councils of Essex and the Southend-on-Sea borough council. An Urbaser/Balfour Beatty consortium was made preferred bidder on the deal back in December last year.
For more information on the project, click here.
Meanwhile, Balfour Beatty has also announced a deal to build a mechanical biological treatment plant in Yorkshire, as the firm looks to increase its activity in the waste sector.
“These two projects, combined with our recent preferred bidder status for the Gloucestershire Residual Waste Project, strengthen our position in the growing waste sector in the UK,” said chief executive Ian Tyler.
