On February 6, 2018, Hartland Resource Management General Partnership, a consortium made up of Synagro Technologies, Bird Capital and Maple Reinders, reached financial close for the Hartland Residuals Treatment Facility near Victoria, British Columbia in Canada. The project is being procured by the Capital Regional District under the design-build-finance-operate-maintain P3 model, and involves the processing of residual solids into safe products which can be re-used for energy generation or as fertiliser. Operations are expected to commence in January 2021.
Operis was pleased to provide financial advisory, model audit and tax and accounting services for the consortium on this deal.
The Hartland Residuals Treatment Facility is one of several Canadian wastewater and biosolids deals Operis has provided advice on in recent years, with McLoughlin Wastewater (British Columbia) and Hamilton Biosolids (Ontario) both reaching close in early 2017.