Ashurst, DLA Piper and Pinsent Masons have won roles advising on a 25-year contract between waste specialist Viridor and Glasgow City Council to build and operate a recycling centre in the south of the city.
Under the contract, Viridor must finance, build and operate a recycling and renewable energy centre that will treat between 175,000 and 200,000 tonnes of Glasgow’s residual municipal waste each year.
The contract is still subject to Viridor getting planning permission to build the plant. The company aims to secure consent in 2013. Viridor will have to invest around £160m for the plant, which will be built by Interserve, and is funding the project from its own reserves.
Viridor turned to Pinsents, which has been advising Viridor on the project since 2009. PPP partner Simon Mumford led on the deal out of London. He was assisted by senior associate Anne-Marie Friel.
Background to this deal:
Viridor is a long-time client of Pinsents. In 2009 the firm advised the company and joint-venture partner John Laing as operators on a £3.8bn waste PFI project in Manchester – one of Europe’s largest ever (20 April 2009).
Infrastructure partner Patrick Twist manages Pinsents’ relationship with Viridor but, it was Mumford – who is also close to Viridor – who led on the Glasgow deal. Senior associate Friel also handles some aspects of the relationship. Former Pinsents senior associate Suzanne Moir handled the bulk of the Scottish-law aspects on the contract with Glasgow City Council, but she moved to Biggart Baillie to become partner in April this year, with the Scottish rival then merging with DWF on 1 July (7 June 2012).
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