Costain wins contract to build £120m waste recycling plant

Costain has won a £120m contract in south-east London to build a facility that will generate electricity from residual waste.

The client is Von Roll Inova, a Swiss company. Costain will design and construct the Riverside Resource Recovery facility at Belvedere. It involves both civils and building work.

Costain is providing design, site infrastructure and building works for the main building, jetties, roads and offices.

Overall investment in the project is expected to run to £350m.

Once built, the set-up will process 585,000t of London’s waste from 2011, generating electricity for 66,000 homes.

Most of the waste will be shipped in by river, saving around 100,000 lorry trips a year.

Andrew Wyllie, Costain chief executive, said: “This contract award is an important step forward in the development of Costain’s activities in the waste market."