Manchester Waste 'not satisfied' with PFI scheme

Greater Manchester Waste Disposal Authority (GMWDA) is not satisfied with the current status of its PFI deal, partner John Laing has confirmed.

Announcing its trading update for 2016, John Laing said that GMWDA “continues to seek significant cost savings and efficiencies”, adding that at present the process by which these issues will be resolved is “currently unclear”.

Partnerships Bulletin reported last month that the project was undergoing a review of future options, including looking at the potential for terminating the contract.

The firm also highlighted difficulties with the New Royal Adelaide Hospital, where the project company that includes John Laing is in dispute over the state government’s non-acceptance of a cure plan submitted in August 2016 to address the contractor’s delays.

Overall, John Laing said primary investment had remained “strong” in each of its geographical regions of Asia Pacific, North America and Europe (including the UK).

“We are well positioned to take advantage of a growing number of new infrastructure projects in the US, Canada, Australia, New Zealand and Europe,” said chief executive Olivier Brousse, who added that the firm is currently in line with its guidance for its 2016 results, which will be announced on 7 March 2017.

Meanwhile, John Laing Infrastructure Fund (JLIF) has acquired John Laing’s 100% interest in the A55 Llandegai to Holyhead road PPP project for £28.3m.