Item No.9. Classification:Open Date:1 November 2016 Meeting Name:Cabinet Report title: Joint Venture Agreement for Commercial Waste Sales Function Ward(s) or groups affected: All Cabinet Member: Councillor Ian Wingfield, Environment and the Public RealmJoint Venture Agreement • October 20th, 2016
Contract Type FiledOctober 20th, 2016This report sets out the concept for entering into the commercial waste collection market through the establishment of a Special Purpose Vehicle (SPV) company. Under these arrangements, commercial waste sales and administration would be through an external provider - London Business Waste and Recycling (LBWR) - and the collections and disposal would be provided through the in-house street cleansing service. The proposed set up and operation of the proposed SPV are explained in detail in this report.