A joint venture between contractor Balfour Beatty and waste management firm Urbaser has been named preferred bidder for the £800M Essex Waste Partnership’s Residual Waste Treatment Contract.
The consortium has proposed a mechanical and biological treatment facility to treat kerbside collected residual waste, trade waste collected by local Essex authorities, street sweepings, and all non-recyclable waste from household recycling centres across Essex and Southend.
The facility will be capable of treating up to 417,000t of municipal waste a year.
Balfour Beatty will invest 30% of the required equity, approximately £7M, in the project which is expected to reach financial close in the first half of 2012. Balfour Beatty, in joint venture with Urbaser, will be involved in the design, construction and commissioning of the facility, following which the facility will be handed over to Urbaser to operate from mid-2015 onwards.
Today’s announcement comes just three weeks after the joint venture was awarded Gloucestershire’s 28-year Residual Waste Project.