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

Viridor/Laing work to go ahead despite financial close delays

Work will go ahead on the Manchester waste services contact despite delays to its financial sign off. An agreement to progress the work as if financial sign off has been reached, has been agreed between the Greater Manchester Waste Disposal Authority (GMWDA) and Viridor/Laing. GMWDA had hoped to finalise the financial agreement in September, but now only commercial close will happen, with financial close now expected in December. Delays have occurred because details of newly acquired sites, fuel usage, bank due diligence and the submission of a Final Business Case to the Government, which relates to the Private Finance Initiative credit award, are still being discussed. However, GMWDA said that it has signed off the vast bulk of the solution and agreed details to be resolved to ensure Viridor/Laing start on the project as if the financial close had been secured in September. GMWDA chairman and councillor Neil Swannick said: Aside from achieving the world class environmental solution we were seeking involving 44 facilities, £300 million of investment, and a contract price that will be more than £1 billion less than we expected to pay, I am delighted that Viridor/ Laing and the Authority have been able to agree in principle to the continued use of the Greater Manchester Pension Fund for existing employees who are in that scheme. This has made a high-class workforce solution better still. The Authoritys focus after the end of September will be on working alongside Viridor/ Laing to drive on with the construction programme. The Authoritys administrative arrangements will change at that time coinciding with the Authoritys current director of procurement completing his period of secondment from the Department for Environment, Food and Rural Affairs as planned. Image: Manchester councillor and GMWDA chairman Neil Swannick

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.