|Project name:||UK: Gloucestershire Waste PPP|
Deliver waste management services for the diversion of municipal solid waste from landfill. A new energy from waste plant will be build with capacity to treat between 150-175,000 tonnes of residual waste a year. Location, subject to approval, is on a site at Javelin Park.
The project was originally formulated as a PFI scheme, with the council receiving £92m in PFI credits. However, the credits were withdrawn as part of the 2010 Comprehensive Spending Review, but the council has decided to continue with the procurement through a PPP model.
Communities Secretary Eric Pickles has given the go-ahead for the £180m waste PPP deal in Gloucestershire following a planning dispute.
The deal reached financial close in February 2013 with the UBB consortium, comprising waste specialist Uberior and Balfour Beatty, but was thrown into doubt when planning permission for the new plant was refused by the Gloucestershire County Council’s planning committee.
UBB appealed to the Secretary of State and Pickles has now confirmed that the scheme can go ahead.
8 January 2015 - Pickles backs Gloucs waste PPP
|Sector:||Waste & water|
|Government deptartment:||UK - Department for Environment Food & Rural Affairs|
|Region:||UK - - South West|
|Current status:||Project Signed - 26/02/2013|
|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
Ernst & Young - 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
Most Read Stories
Corbynmania: The final nail in PFIís coffin?
As the Labour leadership frontrunnerís bandwagon continues to roll, his popularity offers another chance to attack privately financed infrastructure
In Scotlandís Future he Trusts
Heís the man at the top of the Scottish Futures Trust, but Sir Angus Grossartís roles, interests and experiences take him to the heart of all Scottish life.