By: greenbank On: November 01, 2013 In: Comments: 0

A GB£244 million rail interchange and energy recovery centre is to be developed with support from the GIB. The waste is collected from six West London boroughs, serving a population of 1.6 million people. The project will enable over 96 per cent of this material to be diverted from landfill. GIB invested GB£20 million senior debt with a lending club consisting of Credit Agricole Corporate & Investment Bank, Bank of Tokyo Mitsubishi UFJ Ltd, Sumitomo Mitsui Banking Corporation, and Mizuho Bank in this biomass plant in West London. Equity stakes were purchased by SITA UK, Japan’s ITOCHU Corporation and Scottish Widows Investment Partnership.

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