Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of MRW, please enable cookies in your browser

We'll assume we have your consent to use cookies, so you won't need to log in each time you visit our site.
Learn more

SITA Consortium takes the prize

In an unprecedented win for the waste sector, SITA Consortium has been voted best private sector consortium at the Public Private Finance Awards 2007.

The consortium, made up of SITA UK, Royal Bank of Scotland (RBS) and AXA, closed two waste private finance initiative (PFI) projects in the past year:
Cornwall and Northumberland.

The award commended the consortium for the successful delivery of these waste PFI projects.

SITA UK PFI director Charles Dupont said: Were delighted to have won this award. Its recognition of the successful combination of SITA
UK s waste management partnering experience with the financial skills of RBS and AXA to come up with a new approach to structuring waste PFI projects.

Our clients in
Cornwall and Northumberland have also been instrumental in helping us develop this structure that we will take forward to our future PFI projects.

Both the
Cornwall and Northumberland project were delivered on non-recourse basis and involved a more detailed risk analysis than had been used in previous waste projects.

Lessons learned on these schemes will allow waste sector PFIs to be more robust and bankable in the future.


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.