Expectant observers hoping for a pre-Christmas sign-off for the £3bn Greater Manchester Waste Disposal Authority Viridor/Laing waste deal will be disappointed.
A deadline of three to four weeks until close was announced on December 1, which could have meant sign off before December 25. The estimated four week deadline ends on December 28.
In the announcement on December 1, GMWDA said that the main commercial aspects of the contract had been agreed and that the final credit approvals processes were scheduled to take about three to four weeks (See MRW story).
But in a progress update today, a spokeswoman for the authority said: GMWDA is continuing to work collaboratively with Viridor/Laing and the funders towards achieving financial close at the earliest opportunity. However, some of the funders have not been able to complete their credit approval procedures in advance of the Christmas break.
You might also like...
Growth in Viridor EfW revenue adds to profits
Viridor has posted a rise in underlying profit in its first half of 2018-19, as increasing revenue from energy from waste (EfW) offset lower recycling income resulting from China’s waste import restrictions.
Call for probe of 'misleading' incinerator data
Opposition politicians have called for an inquiry into the Javelin Park energy-from-waste (EfW) project after Gloucestershire County Council was forced by the Information Commissioner’s Office to disclose vital commercial data , published last month.
Inter-union row brings refuse strike back to Birmingham
A dispute between two trade unions has seen Birmingham’s waste collection service hit by industrial action just over a year since a lengthy strike was settled.
Industrial action hits Cheshire commercial waste collections
Christmas strike action is planned by Veolia depot workers in Cheshire and there are fears that non-collection of waste will quickly create environmental health concerns.
Have your say
You must sign in to make a comment
Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.