EBRD funds solid waste facility in Çanakkale

Dünya Executive - - BUSINESS -

The 200,000-strong population of Turkey’s Canakkale will benefit from a loan from the European Bank for Reconstruc­tion and Developmen­t (EBRD) of TRY 57.5 million, or 9 million euros, for the developmen­t of a modern, efficient and sustainabl­e waste management system under a private-public partnershi­p scheme, the Bank announced on June 21.

The EBRD loan will be extended to a local venture between the French utility SUEZ Group and the Turkish waste management firm ALTAS. The two partners have won the internatio­nal tender to provide waste collection, transporta­tion, recycling and disposal servic

es under 29-year concession in five towns: Canakkale, Lapseki, Kepez, Cardak and Umurbey. The consortium is contributi­ng TRY 38.3 million of its own funds to the project.

The EBRD loan will finance the constructi­on of a mechanical biological treatment plant which combines a sorting facility with biological treatment such as composting and producing energy from waste. The funds will also be used to refurbish a landfill and upgrade a plant that treats leachate, a water-polluting liquid.

The project will help reduce the amount of solid waste sent to landfill, extend the landfill lifetime by 20 years and increase waste recycling, in line with EU standards. The new approach is based on a circular economy and will minimize the negative effects of waste on the environmen­t and people.

With 90,000 employees on five continents, SUEZ is a world leader providing water and waste management solutions. The Group recovers 17 million tons of waste a year, produces 3.9 million tons of secondary raw materials and 7 TWh of local renewable energy. It also secures water resources and wastewater treatment. SUEZ generated total revenues of 17.3 billion euros in 2018. ALTAS provides solid waste management services in the Turkish cities of Izmir, Istanbul, Ankara and Mersin and is also active in the Lebanese capital Beirut.

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