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Lancashire County Council in 2014 started discussions about potentially terminating the 25-year private finance initiative (PFI) it had signed with Lend Lease to treat the council’s waste. InfraNews was the first to report on this in June 2014 and the contract was officially terminated in August 2014. I wrote several follow-up stories on this for InfraNews, for example revealing that the council was obliged to pay more than GBP 30m to Lend Lease to terminate the contract.

Links (subscription needed): http://www.infra-news.com/news/environment-and-renewables/1386827/spv-in-talks-rumour-over-major-waste-pfi-restructuring.thtml

http://www.infra-news.com/news/environment-and-renewables/1439682/sponsors-to-receive-payout-for-terminated-uk-waste-pfi.thtml

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