StockMarketWire.com - 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 made final recommendations for certain visual improvements and general mitigation measures, the company said.

Modern Water would carry out the design and build works on behalf of a joint venture with NWG Commercial Solutions, the cost of which was estimated in the planning application at £25m.

On completion, NWG Commercial Solutions, also known as Northumbrian Water, would be be responsible for the operation and maintenance of the plant for 20 years.

'This vital step enables us to focus on concluding the final elements of the main design, build and operate contract,' Modern Water chief executive Simon Humphrey said.

'We look forward to starting to build the wastewater treatment plant, which will provide the significant environmental benefits that H.M. Government of Gibraltar is so keen to achieve.'




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