Web Feed

Waste sector responds to tighter credit conditions

The waste management sector is having to reassess its approach to project finance amid signs that progress under the Private Finance Initiative is stalling. Julian Rose reports

01-Mar-09 

Though relatively immune from recessionary pressure, the waste sector is nonetheless sharing in the pain caused by the tightening of credit markets. 2009 is not a great time for any company carrying heavy gearing, and at least one of the leading UK waste contractors is known to be in crisis talks aimed at securing its future.