CORNWALL COUNTY Council has awarded Suez Environment subsidiary Sita UK a privately financed contract to manage all municipal waste in a 30 year deal worth £1bn.
The deal includes household waste handling and material recycling, and construction of a proposed energy from waste plant.
The plant, which will be connected to the National Grid, will also provide the heat needed for a local factory.
'In this new PFI environment, waste management companies need sophisticated resources, experience and fi ances 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 confi dent 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.