Ferrovial will manage the waste treatment services in the Isle of Wight for 306 million euro

Ferrovial, through Amey, has achieved the financial close of the contract for the waste collection and treatment on the Isle of Wight, in the UK, for 25 years. The project is worth 225 million pounds, equivalent to 306 million euro. The contract, which comes into force in November this year, includes collecting and processing domestic waste and recyclable material, managing recycling centres and bottle banks, and providing waste reuse services on the island ,  with a population over 140,000 people. The project will attach great importance to recycling and reuse: by 2020, 90% of waste will be diverted from landfills through reuse, recycling or composting. To achieve this objective, Amey will upgrade the island's existing waste management and processing infrastructure. This new project extends Ferrovial's footprint in the UK waste management market, where it recently won contracts to build and operate new waste treatment facilities in Milton Keynes and North Yorkshire.