Waste Private Finance Initiative (PFI) sits within Local Authority Funding, together with the National Waste Minimisation and Recycling Fund.
In the Spending Review (SR) 2002 (covering the period 2003/04 to 2005/06) Defra was allocated £355m towards the funding of waste PFI projects. The SR 2004 (covering the period 2006/7 to 2008/9) allocated an additional £275m of PFI credits for waste PFI projects, over and above the £355m available from the 2002 Spending Review.
Waste PFI had traditionally been viewed as a funding route for the construction of large-scale incinerators, but the introduction of a new set of criteria in September 2000 changed that and ensured that attention focused on recycling-led solutions and sustainable solutions that is in keeping with the waste hierarchy.
Surrey has £85.5 miullion of PFI funded credits
>> See more on this topic at the DEFRA website
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment