Renewi concludes exit from Dumfries & Galloway waste PFI contract
Renewi plc has announced that it has successfully reached an agreement with Shanks Dumfries and Galloway Limited, Dumfries and Galloway Council and other parties to exit the Dumfries and Galloway (D&G) PFI operating contract.
The exit from this loss-making contract, on time and for the expected cost, will deliver shareholder value and is aligned with Renewi’s strategy to actively manage its business portfolio.
Following the termination of the operating contract on 10 September 2018, Renewi will today enter into a new transitional contract for the next two months. Under this transitional contract, Renewi will continue to provide all services as normal, working closely with D&G Council to prepare for a seamless transition.
After this transitional contract expires on 10 November 2018, Renewi will transfer the relevant services, facilities and employees back to D&G Council.
Country updates
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September 13, 2018
Arlington Investors refinances debt used to acquire UK student accommodation portfolio
Arlington Investors has refinanced short-term bank debt used to finance the acquisition of two student accommodation assets acquired within a portfolio in December 2017, from Study Inn....
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September 12, 2018
InfraVia European Fund IV closes at EUR2 billion hard cap
InfraVia Capital Partners has announced that it has closed the fundraising of InfraVia European Fund IV at its EUR2 billion (US$2.31 billion) hard cap. InfraVia investors’ base consist...
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September 11, 2018
Dalmore Capital closes Fund 3 at GBP950 million hardcap
Global placement agent Atlantic-Pacific Capital has announced the final closing of Dalmore Capital 3 (DCF 3) on its hardcap with GBP950 million (US$1.24 billion) of capital commitments. DCF...
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September 10, 2018
Tender launched for US$130 million car park PPP in England
Watford Borough Council has launched a tender for the design, construction, financing and operation of a new multi-storey car park which will form part of the Watford Riverwel...
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September 07, 2018
Places for People signs contract for housing joint venture in Surrey, UK
Places for People has announced that it has signed a contract with Surrey County Council to deliver housing in the county, located in the south of England, through a 15-year joint venture. This f...
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