Question:
Why choose a PFI option?
Answer:
A PFI contract has many advantages:
· it provides additional Government funding to help meet the costs of the contract
· it provides a way of funding the investment we need to make over a sufficiently long pay back period to make it affordable
· key risks associated with the project (from construction cost risk to meeting long-term contract targets) can be transferred to the private sector contractor
There will need to be a number of new waste management facilities built in Cambridgeshire over the next 5 years (e.g. Recycling Centres) if we are to achieve the tough landfill diversion targets set by Government and the recycling targets set out in our Waste Management Strategy.
If we don’t do anything, the costs of continuing to rely on landfill will become prohibitive and we will be liable to fines if we don’t meet our landfill diversion targets