The government has produced a report detailing why £8bn must be invested in the UK waste infrastructure.
Rubbish to resource: Financing new waste infrastructure has concluded that financial incentives should be given for joint ventures between the private waste sector and real estate investors.
A £8bn investment will be needed by 2020 to avoid crippling landfill taxes and EU fines, said Jamie Reed, shadow minister for environment, food and rural affairs.
Peter Jones, a former director of Biffa Waste Services, commented: “The private waste sector and real estate investors, landowners and developers should be encouraged to allow the exploration of potential opportunities to release lower cost forms of capital.”
BNP Paribas contributed to the property research.
joanna.bourke@estatesgazette.com
