Sacyr closes financing agreement with CEFC for waste treatment plant in Melbourne (Australia)

Sacyr, through subsidiaries Sacyr Industrial and Sacyr Environment, has closed a 24 million euro agreement with Australian entity CEFC (Clean Energy Finance Corp) to finance the construction of the company’s first waste treatment project in Australia, the mechanical and biological treatment plant for municipal organic waste in Dandenong South (Melbourne).

The contract, awarded by MWRRG (Metropolitan Waste and Resource Recovery Group), a government entity in the State of Victoria, includes the financing, engineering, construction, commissioning and operation of the facility for 15 years, with a possible extension of five years. The project’s estimated revenue backlog is around 84 million euro.

The plant, which will treat the organic waste obtained from selective collection, will have a maximum capacity of 120,000 tonnes per annum and will produce 50,000 tonnes of high quality compost per annum. It will provide service to a population of 1.2 million from 8 municipalities in the southeastern metropolitan area of Melbourne.