June 20, 2017 (LBO) - Fairway Waste Management (Pvt) Ltd and the Waste Management Authority of the Western Provincial Council have signed a concession agreement to form a public-private partnership for Municipal Solid Waste processing at Karadiyana in the Western Province.
The 22-year concession agreement is a key legal document that would create a sustainable model and is testimony to confidence between the developers, investors and the Government of Sri Lanka, Fairway said in a statement.
"While addressing the treatment of biological waste, which is hazardous to the public (odor, methane emissions, water pollution etc.), the agreement paves the way towards a major reduction in the diversion of waste to landfills.
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"This also marks a new beginning for the residents of the areas around these landfills who are forced to deal with the ill effects of an unhealthy environment caused by open dumping."
As the Concession Agreement is for a Public-Private Partnership, all current managers of the site will remain in active partnership with Fairway Waste Management for the duration of the project.
Further the company intends to build up local capacity in waste processing technologies by creating new employment for Sri Lankans during the construction, operation and maintenance of the waste-to-energy plant at Karadiyana.
Fairway Waste Management is a subsidiary of leading conglomerate Fairway Holdings.
Fairway partners with Sri Lanka’s Waste Management Authority
Ruwini Dharmasiri, Chairperson Waste Management Authority (Western Province) , Isura Devapriya, Chief Minister Western Province and Imal Fonseka Group Chief Executive Officer, Fairway Holdings.