Joint venture partners Covanta Holding Corporation, Biffa and Macquarie’s Green Investment Group struck the deal this week paving the way for construction to start shortly.
Hitachi Zosen Innova will be main contractor on the job which is expected to take 39 months to complete creating over 300 jobs.
Many opportunities will also be created for the local supply chain with a commitment from the project to purchase goods and services from nearby companies wherever possible.
The facility will use proven technology to provide up to 350,000 tonnes of annual treatment capacity for non-recyclable waste and will also generate up to 42 megawatts of electricity, enough to power around 80,000 homes.