Balfour Beatty in line for £500m joint venture
Construction firm Balfour Beatty is the preferred bidder for a £500m joint venture to build an energy-from-waste facility.
Construction firm Balfour Beatty is the preferred bidder for a £500m joint venture to build an energy-from-waste facility.
The 28-year PPP project involves the design, build and operation of the site for Gloucestershire County Council.
The project will be undertaken as a 30/70 joint venture between Balfour and waste management firm Urbaser.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The construction company will be involved in the design and construction of the facility, after which it will be handed over to Urbaser to operate from late 2015 onwards.
The council hopes the energy-from-waste facility will divert over 91% of Gloucestershire's residual municipal waste from landfill.
This could generate 116,000MW hours of electricity annually, which could to power more than 25,000 homes, the company said.
Balfour Beatty will invest around £13m in the project, which is expected to reach financial close in the second half of 2012.
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
Watch out for fake Steven Bartlett video – you could lose thousands
Scammers are trying to tap into the Trump tariffs chaos, but knowing what to look out for could save you thousands of pounds, says Kalpana Fitzpatrick
By Kalpana Fitzpatrick
-
Can Donald Trump fire Jay Powell – and what do his threats mean for investors?
Donald Trump has been vocal in his criticism of Jerome "Jay" Powell, chairman of the Federal Reserve. What do his threats to fire him mean for markets and investors?
By Katie Williams