Business news from Ukraine

British company Stopford Projects Ltd to build incineration plant in Ukraine (Dnipro city)

1 February , 2018  

Dnipro City Council deputies supported at a regular session on January 31 the decision of the competitive commission to select an investor for the construction of an incineration plant in the city on the terms of public-private partnership.
According to an Interfax-Ukraine reporter, the commission chose as an investor British company Stopford Projects Limited, an agreement with which the city council plans to sign in February this year.
“Today this project has been approved by the session decision. This is very important. We already have an agreement on which specific conditions will be determined. To be honest, I still do not believe it. We are now waiting for investment,” Dnipro Mayor Borys Filatov told journalists on Wednesday, January 31.
A waste processing plant should be built in Dnipro at the expense of investor funds within several years. The cost of construction is 60 million pounds sterling. The enterprise is to be built on the territory of the Pravoberezhny testing ground. Under the terms of the tender, the contract with the investor is signed for 15 years. After the expiration of the contact, the facility will become the property of the city council.