Sacyr and CEFC completes financing regarding waste treatment plant in Melbourne

Subscribe to our newsletter and get the latest news and business opportunities in your inbox

Sacyr has completed the financing of €24 million (US$27,73 million) with the Australian entity CEFC (Clean Energy Finance Corporation) through its subsidiaries Sacyr Industrial and Sacyr Environment to build its first waste treatment project in Australia, the mechanical and biological treatment plant for municipal organic waste in Dandenong South (Melbourne).​ Sacyr expects its fully-enclosed, in-vessel aerobic composting and maturation plant to be operational in mid-2019.  It will operate for 15 years, with a potential five-year extension. 

The contract, awarded by Metropolitan Waste and Resource Recovery Group (MWRRG), a government entity in the State of Victoria, includes the financing, engineering, construction, commissioning and operation for 15 years, with a possible extension of five years. The project's estimated revenue backlog is around €84 million (US$97,06 million). Resource recovery, which involves reusing, recycling, reprocessing and energy recovery, is an important middle tier where the CEFC’s finance for projects is making a difference.

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

List of the country updates

Country updates

  • July 24, 2018

    Consortium proposes to build US$3 billion bridge in Australia through PPP

    Universal Bridging Consortium (UBC) has published a proposal to develop a 14km bridge linking Kangaroo Island to the South Australian mainland potentially through a public-private partnershi...

    Read more
  • July 11, 2018

    Melbourne has named Monash Freeway upgrade as a high priority

    Stage 2 of Melbourne’s Monash Freeway upgrade has been designated by Infrastructure Australia a High Priority Project on the Infrastructure Priority List. The Infrastructure Priority List is the...

    Read more
  • July 10, 2018

    US$3 billion final close for Macquarie Super Core Infrastucture Fund Series 1

    Macquarie Infrastructure and Real Assets (MIRA) has announced the final close of Macquarie Super Core Infrastructure Fund (MSCIF) Series 1 at EUR2.5 billion (US$2.94 million), exce...

    Read more
  • July 06, 2018

    Irish Infrastructure Fund buys two primary care centres

    Valley Healthcare has taken the number of primary care centres (PCCs) in its portfolio to six, as it announces its agreement to acquire two new construction-ready PCC sites, in Clonakilty, County Cork...

    Read more
  • July 04, 2018

    RFEOI for Suburban Roads Upgrade Program in Victoria, Australia

    The Victorian Government (State), Australia, has launched a Request for Expressions of Interest for the Suburban Roads Upgrade Program (SRU Program).  A key part of this transport initiative is...

    Read more

Share this update