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GRD subsidiary closes $5b contract in UK

GRD Limited announced today that its subsidiary Global Renewables has reached a key milestone in the closure of the Lancashire waste contract, one of the largest and most significant public finance initiative contracts of its type to be awarded in the United Kingdom. The cabinets of Lancashire county council and Blackpool council, the two contracting authorities, have authorised the move to financial closure of the contract involving $850 million of direct capital investment and a total contract value of over $5 billion.

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