Project Information
Project name: UK: Gloucestershire Waste PPP
Project description:

The UBB consortium, comprising Balfour Beatty and waste specialist Urbaser, has agreed the deal to design, build, finance and operate an energy from waste plant with Gloucestershire County Council.

Debt on the deal is being provided by Nord LB, Bayern LB, SMBC and the Green Investment Bank.

Although the project initially signed in February 2013, that was dependent on planning permission being approved, but this was subsequently refused by Gloucesterhsire County Council's planning committee. That decision left the deal in doubt, before then-Communities Secretary Eric Pickles overruled the committee and said that the scheme should go ahead.

In November last year, the deal was finally given the go-ahead by the county council. 

Related articles:

21 January 2016 - FC for Gloucester waste 

8 January 2015 - Pickles backs Gloucs waste PPP
26/02/2013 - Gloucestershire waste PPP signs
13/09/2012 - Go-ahead for Gloucestershire waste
30/01/2012 - Council backs Gloucestershire waste
15/12/2011 - Waste deals choose bidders
17/03/2011 - Gloucestershire pushes waste PPP

Type: PPP
Sector: Waste & water
Government deptartment: UK - Department for Environment Food & Rural Affairs
Region: UK - - South West
Current status: Project Signed - 21/01/2016
Contract Terms
Duration: 25 years
Capital value: £180.00m
Public Sector Procuror Details
Authority/Commssioning body: Gloucestershire County Council
Public sector contact: Rachel Ferris
Tel: +44 (0)1452 426 524
Public sector advisors: RPS - Technical Advisors
Eversheds - Legal Advisors
EY - Financial Advisors
Private Sector Details
Consortium name: Balfour Beatty / Urbaser consortium
Private sector shareholders: Urbaser - Shareholders
Balfour Beatty - Shareholders (30% stake)
Private sector advisors: Mott MacDonald - Technical Advisors
Grant Thornton - Financial Advisors
Norton Rose Fulbright - Legal Advisors
Private sector debt-providers: SMBC Europe Limited - Debt Providers
Nord LB - Debt Providers
BayernLB - Debt Providers
Green Investment Bank - Debt Providers
Private Sector Shortlist
Consortium name: Complete Circle
Private sector shareholders: John Laing - Shareholders
Keppel Seghers - Shareholders
United Utilities Plc - Shareholders

This page was last updated on:
21 January 2016.


Phil’s fillip

The Autumn Budget did offer some signs of potential, but delivery remains a big question


‘A Great Journey’

Phillip Hall, MUFG’s head of structured finance for EMEA, tells Paul Jarvis how the bank is evolving to thrive in the changing PPP world


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

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