SITA Surrey Limited reached financial close on October 30, 2013, for the construction of a gasification and anaerobic digestion facility in the country of Surrey, England. These two facilities are being constructed as part of a contract signed in September 1999 between SITA and Surrey County Council to manage the recycling and disposal of Surrey’s household waste for a period of 25 years. The gasification facility will process approximately 55,000 tonnes of waste a year and the anaerobic digestion facility will process approximately 40,000 tonnes of waste a year.
Senior debt for the project is being provided by SITA Holdings UK Limited.
Operis conducted a financial model audit, including a review of the model’s tax and accounting, on behalf of SITA Surrey, the senior lender and Surrey County Council.
Further information on Operis:
Operis is a leading advisor in project and infrastructure finance, renowned for its financial modelling and model auditing expertise and financial structuring advice. The firm has been mandated by the leading investment banks, infrastructure funds, bond arrangers and guarantor bodies around the world. This experience covers over 700 projects and other funded transactions worldwide.
Paul Myers – Managing Director
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