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| FCC lands 900 million euro contract in central England  Waste Recycling Group, a UK subsidiary of FCC, has signed a contract to manage municipal waste for Reading Borough Council, Bracknell Forest Council and Wokingham District Council for the next 25 years; it expects to generate 893.1 million euro in revenues during that period. This is a Private Finance Initiative (PFI) under which the three municipalities located west of London form the RE3 Waste Partnership to provide a sustainable solution to managing the 220,000 tonnes of household waste they produce each year. WRG must invest a total of 68 million pounds sterling to build civic amenity sites, transfer stations and a recycling plant.Waste Recycling Group, the UK's leading waste manager, was acquired last July by FCC as part of the strategic plan being promoted by the company's main shareholder, Esther Koplowitz. One of the plan's goals is for approximately 35% of total revenues to be obtained outside Spain. The acquisition cost 2.036 billion euro. write your comments about the article :: © 2006 Construction News :: home page |