Shanks Group GBP720 Million PPP Deal With Cumbria County Council
June 04 2009 - 11:00AM
Dow Jones News
Shanks Group plc (SKS.LN), a waste management group
MAIN FACTS: announced Thursday that it has signed a 25-year
Public-Private Partnership (PPP) waste disposal contract with
Cumbria County Council worth around GBP720 million.
-Financial closure of the 220,000 tonne per annum contract was
reached with a syndicate of three banks - Sumitomo Mitsui Banking
Corporation (SMFJY), Barclays (BARC.LN) and NIBC.
-Shanks will develop two Mechanical Biological Treatment (MBT)
facilities
-This will enable Cumbria to divert 67% of its household waste
from landfill by 2015.
-By London Bureau, Dow Jones Newswires; +44 (0)20 7842 9296; ian.walker@dowjones.com