The 25-year joint Private Finance Initiative between Reading Borough Council (RBC), Bracknell Forest Borough Council and Wokingham District Council has been signed in partnership with Waste Recycling Group (WRG).
The deal will tackle household waste and will see new facilities constructed at the Smallmead site in Island Road, Reading and at Longshot Lane, Bracknell.
With greater capacity included for recycling, composting, green waste and energy from waste, Smallmead will have at its heart a state of the art materials recycling facility.
While it will also include an indoor civic amenity site and waste transfer facility, the Longshot Lane area will be redeveloped to include an improved civic amenity site and waste transfer facility.
RBC lead councillor for environment Steve Waite said: The traditional wasteful practice of hiding our rubbish in the ground will thankfully come to an end. It was important for all three authorities to set in place a sustainable and responsible strategy for the foreseeable future.
I would like to pay tribute to the council officers who have worked tirelessly on this project and come up with a solution that is not only good value for money but also good news for the environment. It is another piece in Readings environmental jigsaw that will give a sound basis for future generations to build on.
The contract will see the creation of a Joint Waste Disposal Board with each authority providing two councillors to the Re3 brand which will focus on the three key messages- reduce, reuse and recycle.
WRG was chosen as preferred bidder, with its chief executive Jim Meredith vowing to meet the objectives of the partnership through education and awareness initiatives, dedicated staff and an education centre at both of the news sites.
He said: We were delighted when we were selected to help deliver a robust and sustainable waste management strategy through this inspirational partnership of the three local authorities.
Now we are looking forward to getting to work in order to meet and exceed the ambitious recycling and landfill diversion targets that the people of Reading, Bracknell Forest and Wokingham have set themselves.