Addition of PPP-based waste management project in Western Greece
J&P-AVAX announces it signed on 12.03.2019 a contract for the design, financing, construction, maintenance and operation on a PPP basis (Public-Private Partnership) of a Waste Management Plant in the Ilia Prefecture of Western Greece, in a consortium with Mesogeios SA and AAGIS SA.
The investment amounts to €39.5 million and the project aims to effectively manage urban solid waste produced in the prefecture, with a maximum capacity of 80,000 tons per annum.
The waste management plant will be located in a rural area between the municipalities of Pyrgos and Ilida. The construction period is 22 months, including 4 months of pilot operation, to be followed by an operation term of 25 years and 2 months.
The private entity of the public & private sector partnership, assumes, among others, the following obligations:
- construction, operation and maintenance of the waste management unit
- financing of the project with own equity, debt and a financial participation by Ilida municipality
- commercial use of by-products (recycled material, biogas-energy, compost, etc)
- transportation of residual waste to sanitary landfills.
Marousi, March 20, 2019
THE BOARD OF DIRECTORS