The London Waste and Recycling Board (LWaRB) has reaffirmed its role as a backer of much-needed projects in which the private sector is not yet ready to invest.
LWaRB head of infrastructure and investment Charlotte Eddington told MRW that new waste technologies and projects with short term or no feedstock contracts had proved unattractive to banks because they are regarded as high risk.
She also noted that projects with small capital requirements, such as AD and reprocessing plants, were also not looked on favourably by private investors because the required due diligence could not be justified when compared to the total investment.
LWaRB has published examples of projects considered under its funding criteria (see right/left).
It follows MRW’s report last week of criticism of the board by Bywaters over the withdrawal of loan funding for a planned new MRF in east London.