Go-ahead for Gloucestershire waste

13 September 2012 Gloucestershire County Council has formally approved the deal for a £500m waste plant.
The council cabinet has given the final go-ahead for the deal with the Urbaser Balfour Beatty consortium, having appointed the team as preferred bidder back in December.

The partners will continue to work towards financial close on the 25-year deal, which will see a new energy from waste plant built on a site at Javelin Park, subject to planning approval.

“This decision follows on from Cabinet’s decision in December last year and will now allow us to agree a formal contract,” said Stan Waddington, the council’s member in charge of waste.

Last year, the decision to award the project to Urbaser Balfour Beatty was called-in by councillors, amid concerns that the scheme was no longer needed, but the opposition was rejected by the authority’s overview and scrutiny management committee in January.

For more information on the contract, click here.

This page was last updated on:
4 March 2015.

thumb

Busy times

Three deals reaching financial close in two days would have been remarkable in the boom times. But what does it say about today’s market?

thumb

In the Money

Anne-Christine Champion, head of global infrastructure & projects at French bank Natixis, discusses opportunities for the year ahead

register

Register now to get un-restricted access to all sections of the website.

Want to see more first? Try our free preview...