Synagro Achieves Financial Close for Residual Treatment Facility in Victoria, British Columbia
BALTIMORE (PRWEB) February 06, 2018 -- Synagro, the preeminent provider of biosolids and residuals solutions services in North America , has announced today that the Hartland Resource Management Group (HRMG) has executed a contract to design, build, finance, operate and maintain the residuals treatment facility (the “facility”) for the Capital Regional District (CRD). Synagro is the majority equity holder in HRMG. Synagro will also be the service provider for the project and upon service commencement will partner with the CRD for a 20-year operations-and-maintenance term comprising responsibility for producing a thermally dried biosolids product in the form of granules. The capital cost of the facility is $126.8 million CAD.
The CRD is the regional government for 13 municipalities and three electoral areas on southern Vancouver Island and the nearby Gulf Islands, in British Columbia, Canada, serving more than 383,000 citizens. This is a public-private partnership, or P3, project in Canada and will be located at the Hartland Landfill in Saanich, British Columbia, and is part of the CRD’s Wastewater Treatment Project. The facility will process the residual waste material from the McLoughlin Point Wastewater Treatment Plant to meet environmental regulatory requirements. The facility will have capacity to treat over 14,000 dry tonnes of residuals per year over the 20-year term of the contract.
“Synagro is pleased to bring our expertise to Canada for a second project,” said Pam Racey, vice president of project development, Synagro. “We worked closely with our partners to develop a facility that will process residuals using proven advanced digestion and thermal technology to produce a Class A biosolids product. We expect construction to commence in the spring of 2018 and for the facility to be operational in the winter of 2020.”
This press release contains forward-looking statements that involve a number of risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. Many factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
About Synagro
Founded in 1986, Synagro Technologies, Inc. provides environmentally sustainable solutions for commercial and municipal organizations that generate organic by-products. Synagro consistently transforms industrial and municipal waste into environmentally friendly resources that benefit our communities. As the largest recycler of organic by-products in North America, Synagro uses best-in-class processes, from beneficial reuse to renewable energy, that adhere to the strictest of environmental regulations to provide compelling solutions for communities across the continent. Serving more than 600 municipal and industrial water and wastewater facilities in the United States and Canada, Synagro’s leading systems of organic by-product management services support municipalities of all sizes in saving money and meeting environmental regulations. Visit synagro.com to learn more.
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Richard R. Ruberti, Sr., Synagro Technologies, Inc., http://www.synagro.com, 443-489-9083, [email protected]
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