Shanks nets £750m waste deal

Waste management group Shanks has won a 25-year contract with Wakefield Council worth £750m, which will see the firm build a residual waste treatment facility to process up to 230,000 tonnes a year of municipal solid waste and turn it into electricity. The contract has been funded by the UK Green Investment Bank and a host of banks including Barclays, Japan’s SMBC and Germany’s BayernLB.