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Deal complexity and paperwork slow GMWDA PFI

Complexity and a sheer volume of documentation have been blamed for a further delay to financial close for the £3billion Viridor/Laing Greater Manchester Waste Disposal Authority (GMWDA) deal.

An updated timetable and plan will be discussed at an authority meeting this Friday (April 4 2008), with a new expected financial close of April 29 2008.

A spokeswoman for GMWDA said: Negotiations at a senior level between Viridor/Laing and GMWDA continue in a positive manner towards a financial close and the start of the new contract. The complexity of the project and sheer volume of the documentation has caused a further slight delay.

The GMWDA spokeswoman was able to confirm that while there have been several consultations on waste collection in a number of districts around Manchester, this has no bearing on when the final decision will be made.

 

 

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