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Waste Management: Private Finance Initiative

Volume 496: debated on Monday 20 July 2009

To ask the Secretary of State for Environment, Food and Rural Affairs what recent discussions he has had with representatives of the waste industry on the effects on waste disposal plants operated under private finance initiatives of the economic downturn. (287703)

My right hon. Friend the Secretary of State for Environment, Food and Rural Affairs recently attended the Futuresource conference with representatives of the waste industry, at which a number of issues affecting the waste industry were discussed.

Commercial lenders are maintaining strong interest in financing waste private finance initiative projects and we continue to see good evidence of new interest from contractors in recent bid lists.

The granting of PFI credits for waste projects continues, the most recent being awarded to a partnership between Coventry city council, Solihull metropolitan borough council and Warwickshire county council under their umbrella-title ‘Project Transform’ in June this year.