The Gloucestershire Waste project today successfully reached second financial close.

The project involves the treatment of approximately 100,000 tonnes per year of waste for Gloucestershire County Council under a 25 year concession agreement. The project originally reached financial close in 2012 but planning delays have delayed the project until 2016. Construction is now expected to complete  in July 2019.

The project is being funded by a consortium of three banks including Bayerische Landesbank, Nord LB and SMBC.

On behalf of the project’s senior lenders and consortium, comprising Balfour Beatty and Urbaser,  Operis was pleased provide an audit of the financial model representing the transaction which included  a review of the model’s tax and accounting treatments.

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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