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SRM confirmed as preferred bidder for Norfolk Contract A

The Sustainable Resource Management (SRM) consortium has been confirmed as preferred bidder for a waste treatment project, Norfolk Contract A, which will generate electricity for the county. The consortium consists of private equity company Land Securities Trillium (LST), Norfolk Environmental Waste Services (NEWS) and Cyril Sweett Investments.

The SRM will build and operate an Advanced Mechanical Biological Treatment (AMBT) facility for the treatment and recycling of 150,000 tonnes per annum of municipal solid waste. The plant will be built in Costessey, on the Norwich outskirts.

This is the first waste treatment Public Private Partnership (PPP) where LST has achieved Preferred Bidder status. The PPP will last 25 years once the proposed facility has been built.
NEWS managing director David Beadle said: We firmly believe that MBT is the most effective, viable and environmentally friendly way to deal with Norfolks waste. This project represents a huge opportunity for Norfolk to be at the forefront of waste management in Europe. On behalf of SRM, NEWS applied for planning permission for the MBT facility at Costessey which was successfully gained on the October 26th 2007.

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