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PFI alternatives to boost London reprocessing

Alternatives to PFI financing will be key to increasing Londons recycling infrastructure, under proposals put forward by London Remade.

As part of its Leave no footprint solution, London Remade aims to promote flexible and low cost alternatives to private finance initiatives (PFI).

It is currently seeking projects valued between £5 million and £30 million. And it hopes to see more proximal projects, dealing with the capitals waste on a local basis.

PFI has little or no effect on municipal waste management in London, said London Remade director of resource management and reprocessing Jamie Blake.

Government policy has focused on managing municipal waste with a clear bias in favour of long term PFIs. London Remade said PFIs would have a negligible medium-term impact on reducing London councils exposure to additional costs under the landfill directive and little influence on commercial, industrial, construction and demolition waste.

Blake added: We looked at what sized projects would make a difference and be profitable and they were all coming into the £5 million to £15-£20 million bracket.

Site availability in the capital has also been a factor. There are three to five acre sites available in London but we havent got loads of 10-15 acre sites, Blake said.

He added that London Remade was hoping to have about 15-20 projects up and running in the next three to five years. As they would be smaller projects, likely to be on old warehousing or haulage sites, lengthy planning processes were not expected.



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