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Sita UK awarded £1bn PFI

Cornwall County Council has awarded Suez Environment subsdiary Sita UK the PFI contract to manage all municipal waste in a 30-year deal worth £1bn.
The deal includes household and material recycling. Energy sourced from waste plant will be connected to the National Grid.'In this new PFI environment, waste management companies need sophisticated resources, experience and finances in order to deliver these complex contracts,' said Sita chief executive officer Per-Anders Hjort.Cornwall County Council executive member for environment and heritage councillor Adam Paynter said that after much consideration PFI was the best option. 'Having investigated our future options in great detail we are confident this is the best possible deal for Cornwall.'Sita is also shortlisted for the country's biggest waste PFI in Manchester. It is competing with Viridor Waste Management for the massive deal, worth up to £5bn over 25 years.

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