Eversheds advises Merseyside Recycling and Waste Authority on 30-year PPP contract
Eversheds has advised Merseyside Recycling and Waste Authority (MRWA) on a 30-year waste treatment public-private partnership (PPP) contract worth more than £1bn, which has now reached financial close.
The project will be delivered by a joint venture comprising SITA UK, a subsidiary of French company Suez Environmental, and Sembcorp of Singapore. Japanese company Itochu is an equity investor.
The project involves the management of more than 430,000 tonnes of residual household waste each year from Merseyside and Halton. It includes the design, build, finance and operation of two key facilities that both have planning permission in place: a rail loading waste transfer station in Merseyside and a new purpose-built energy-from-waste facility in Teesside that is combined heat and power (CHP) enabled.
Total capital investment for the two facilities will be around £250m. Both facilities are expected to be operational by 2016.
The Eversheds team was led by partner Michael Grimes, assisted by partner Geraint Thomas, legal director Chris Henshaw, principal associates James Lupton, Elizabeth Marshall and Charlotte Tanikal and associate Emma Catterick. This team also previously advised MRWA on its waste management and recycling project awarded to Veolia.
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