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Shanks closes £720m Cumbria waste contract

Waste management firm Shanks has announced the financial closure of its £720 million public private partnership waste contract with Cumbria County Council.The 25-year deal was reached without requiring intervention from the Treasury with a syndicate of three banks Sumitomo Mitsui Banking Corporation, Barclays and NIBC (4 June).As part of the contract Shanks will develop two 75,000 tonne per annum mechanical biological treatment facilities as well ...