Cayman Islands hires advisors for waste project
The goverment of Cayman Islands has hired the services of legal advisors to structure the bidding process or the Integrated Solid Waste Management System (ISWMS) on PPP scheme.
The Solid Waste Management System aims to solve, from now on, the island' garbage problem.
The team of legal advisors comprise Maples and Calder from the Cayman Islands and Burges Salmon from the United Kingdom, which will assist the government with all the legal aspects delivering the project in order to facilitate investment and reduce transaction costs.
Accroding to sources, the winning bidder will run the concession contract over a period of 25 years.
The Cayman Islands Government plans to create a PPP for a new solid waste management system. As well as running the garbage collection services, the contractors will be required to remediate the current landfills, with recycling, composting and a waste-to-energy approach at the heart of operations.
Premier Alden McLaughlin said:
“We said from the outset of being elected to office that we would do everything in our power to resolve the issue of the landfill and the need for a modern solid waste management system."
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