Fairway Waste Management Ltd. and the Waste Management Authority of the Western Provincial Council recently signed a Concession Agreement to form a Public-Private Partnership that would create a sustainable model for Municipal Solid Waste (MSW) processing at Karadiyana in the Western Province.
A subsidiary of Fairway Holdings Ltd., Fairway Waste Management joined in the task of ensuring that Colombo will soon be transformed into a waste-free city.
The 22-year Concession Agreement is a key legal document and testimony of confidence and solidarity between the developers, investors and the Government. While addressing the treatment of biological waste, the agreement paves the way towards a major reduction in the diversion of waste to landfills.
As the Concession Agreement is for a PPP, all current managers of the site will remain in active partnership with Fairway Waste Management for the duration of the project. The company intends to build local capacity in waste processing technologies by creating employment for Sri Lankans during construction, operation and maintenance of the plant.