At its regular session on 31 January Dnipro City Council delegates voted in favor of the decision of the competition commission to select an investor for the construction of a waste recycling plant in Dnipro under the terms of public-private partnership, Interfax-Ukraine reports.
Interfax-Ukraine reports that for the role of investor the commission picked a British firm Stopford Projects Limited. The city council reportedly expects to sign an agreement with Stopford Projects Limited in February 2018.
“Today the project was approved by the commission’s decision, which is very important. We have already drafted an agreement, which needs to be completed with particular conditions. To be honest with you, I still can’t believe it. We are now expecting the investment,” Dnipro Mayor Borys Filatov told on Wednesday, 31 January.
Funded entirely by the investor, a waste processing plant is going to be built over the next several years. The cost of construction is estimated at $85.4 million. The enterprise will be erected on the territory of the Pravoberezhny testing ground. According to the tender’s terms, the agreement with the investor is going to be signed for 15 years. The facility will be transferred to the ownership of the city council once the 15-year agreement expires.
Stopford Projects Limited is an international energy and environment consulting firm which was founded in 1982. The company provides bespoke services to clients from their sites in Ellesmere Port and Lancaster University (United Kingdom). With operations throughout Europe, Middle East, Asia Pacific and the United States, Stopford is among the fastest growing energy and environmental consultancies in Great Britain.