Modern Water welcomes advance of Gibraltar wastewater treatment plant

Writer, Stock Market Wire
Friday, February 8, 2019 - 07:49

Waste water treatment group Modern Water said authorities in Gibraltar had submitted an application for planning permission to build the territory's first wastewater treatment plant.

Modern Water said it carried out the preparatory works necessary for the submission, collaborating with joint venture partner NWG Commercial Services.

Obtaining planning permission marked the final step before the JV entered into an agreement with the government to start work on the overall project.

Modern Water would carry out the design and build works on behalf of the JV, the cost of which is estimated in the planning application at £25m.

Related content

Modern Water books first-half loss amid struggles in membranes division

Water treatment technology company Modern Water reported a first-half loss after subsidiaries in its underperforming membranes entered insolvency.

Pre-tax losses for the six months through...

Mon, 30/09/2019 - 07:35

Modern Water chairman Alan Wilson resigns

Water treatment group Modern Water said chairman Alan Wilson had resigned, with immediate effect.

He was replaced by current director Piers Clark.

At 2:55pm: (LON:MWG)...

Fri, 23/08/2019 - 14:55

Modern Water to put membrane unit in administration; seeks funding to stay afloat

Water treatment and quality monitoring company Modern Water said it was planning to appoint administrators to its membrane division.

The division comprised two subsidiaries, Modern...

Tue, 23/07/2019 - 14:12

Modern Water mulls funding options to meet working capital shortfall

Water treatment group Modern Water said it needed to raise capital due to weaker cash flows.

The company said it was engaged with a number...

Fri, 07/06/2019 - 13:13

Modern Water gets permitting approval for Gibraltar wastewater treatment plant

Modern Water said authorities in Gibraltar had approved an environmental impact assessment for the territory's first wastewater treatment plant.

The Development and Planning Commission also...

Wed, 27/03/2019 - 07:49