LD Waste Management
LAMDA Development S.A. announces the establishment of a subsidiary company that will be active in the field of solid waste management.
The companys involvement is related to its active participation in the Public Private Partnership (PPP) sector, in a market which is anticipated to attract the strong interest of investors in the next years.
In the field of solid waste management, current production amounts to more than 5 million tones and its annual growth is in line with the growth of GDP. The quantities of biodegradable material that need to be processed, in order to comply with the rules and constraints of the European Union regulation exceed 2 million tones, whereas in 2015 it is estimated to reach 4,5 million tones annually. According to various studies, the turnover of this specific market annually is expected to reach approx. 500 million and the required investments for the process of the biodegradable material are estimated to reach approx. 2,25 billion in current prices, up to 2015.
