The contract includes modernizing and investing in the county’s current sites and develop existing material recycling facilities, new transfer stations, composting facilities and an waste to energy plant. for the treatment of non recyclables.
The contract is for integrated waste management services and is partly funded by the Government's Private Finance Initiative. The European Investment Bank will provide up to half of the debt required to finance the contract.
Within the PFI framework, when all the proposed facilities are operational the diversion rate from a landfill in Cornwall will increase from 25 percent to around 90 percent.
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