DEFRA first received an application for private finance initiative (PFI) credits from Gloucestershire county council in 2003. Gloucestershire's proposed waste PFI project was approved by the Department and the Treasury's Project Review Group.
The procurement progressed to the Best and Final Offer stage. However, following a review of all major procurement schemes, the council decided to terminate the procurement and surrender the indicative allocation of PFI credits.
In May 2007 DEFRA received a new Expression of Interest (EoI) from Gloucestershire county council for PFI support. The project will be supporting the implementation of a long-term residual waste treatment solution.
On the basis of the EoI, DEFRA subsequently invited the authority to produce a detailed Outlined Business Case which represents the formal application for PFI credits. The deadline for this is 30 April 2008.