Release date: 21 August 2006
Promoter – Financial Intermediary
Greater Manchester Waste Disposal Authority (GMWDA), one of seven statutory waste disposal authorities created under the Local Government Act 1985 to carry out the waste management functions and duties of the Metropolitan County Councils after their abolition in 1986. GMWDA serves approximately 958 000 households with a population of 2.23 million.Location
Description
Design, construction, operation and maintenance of an integrated waste management service for the treatment and disposal of municipal waste in Greater Manchester, an Objective 2 area in North West England.
Objectives
The project aims to assist the regional waste disposal authority in gradually achieving its targets of 50% recycling/composting and 65% diversion from landfill by 2020 in accordance with new national requirements and EU waste policy.
Comments
Environment.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to 50% of senior debt
Environmental aspects
The project will have environmental benefits, increasing levels of recycling and reducing the amount of waste sent to landfill. The project is in particular driven by the reduction targets for biodegradable waste going to landfills, as set out in Art 5.1 of the Landfill Directive (99/31/EC). These targets shall be achieved by means of recycling and composting. Thereby, the integrated waste management scheme will progressively reduce adverse effects on the environment, improve local amenity and reduce risks to public health. The waste management facilities included in the project fall by virtue of their technical characteristics under Annex II of Directive 85/337/EEC amended by 97/11/EC and 2003/35/EC.
Procurement
As is standard for UK PFIs, the project has been procured in accordance with relevant EU Directives.
Status
Signed - 8/04/2009
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).