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Manchester £3bn waste PFI set to close

The Greater Manchester Waste Disposal Authority and preferred bidder Viridor/Laing are expected to reach financial close at the end of this month for a £3 billion waste PFI contract.

The UK Department for Environment, Food and Rural Affairs awarded £100 million in PFI credits to the 25-year scheme that will be the UK's largest waste PFI project.

The scheme will include taking 600,000 tonnes of waste that cannot be recycled to five new MBT (mechanical biological treatment) and AD (anaerobic digestion) plants in the Manchester area.

The Viridor/Laing joint vernture is between Viridor Waste Management and John Laing Infrastructure (a division of John Laing).

Source: Infrastructure Journal Online