Concessio Canonical ID
GB30P0000064
Registry Preview
Overview
Capital value
£66.6m
HMT 2025
Expiry
2036
10 years remaining
Unitary charge
£44.4m
FY 2026-27
Deep Scan
Investment ThesisLocked
Cambridgeshire Waste Management Project is an operational Private Finance Initiative waste management concession in the United Kingdom, with 10 years remaining to the 2036 contract end — grantor Cambridgeshire, operated by Thalia Wb Spv Limited, a 1-holder equity registry on file (HMT 2025).
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Public Registry Fields
General Information
Display format
GB-30-P-000006-4
Country
United Kingdom (GB)
Sector
Waste Management (30)
Family
Environmental
Structure
PFI/PF2 (P) · Private Finance Initiative
Grantor
Cambridgeshire
Operator
Thalia Wb Spv Limited
Financial close
01 Mar 2008
Operations start
01 Aug 2012
Contract end
31 Mar 2036
Capital value
£66.6m (HMT 2025)
Unitary charge (2026-27)
£44.4m
Equity holders (2025)Ferrovial S.A. — 100%
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Contract Economics
Financial Terms & ClausesLocked
| Term | Value | Price base | Period | As of |
|---|---|---|---|---|
| Unitary charge (annual) | £44.4m | Nominal · outturn | FY 2026-27 | HMT 2025 · verified |
| Indexation basis | ||||
| Availability deductions | ||||
| Performance deductions | ||||
| Market testing / benchmarking | ||||
| Termination compensation | ||||
| Change in law | ||||
| Handback provisions |
Locked rows show the standard UK PFI project agreement term set tracked by Concessio; extracted values render as they are verified against primary sources. Full clause text and citations are available in the app.
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Sector-Benchmarked
Operating KPIsLocked
| Metric | Latest | Period | Sector percentile | Coverage |
|---|---|---|---|---|
| Concession period (years) | 23.7 | — | 65th |
registry |
| Capital value | £66.6m | 2025 | 40th |
HMT annual · public |
| Availability (%) | ||||
| Deductions (% of UC) | ||||
| Lifecycle spend vs plan (%) |
Percentile bars show this concession's position against Waste Management benchmark cohorts in the registry (largest cohort n=718). Interquartile band shaded. Locked rows show the standard KPI set for this asset class — series and percentile placement unlock in the app.
Equity History
Ownership & TransactionsLocked
| Date | Event | Stake | Consideration | Implied EV | Counterparty |
|---|
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Counterparties
Parties & ContactsPartial
Grantor
Cambridgeshire
Department for Environment, Food and Rural Affairs (DEFRA) · United Kingdom
Operator / SPV
Thalia Wb Spv Limited
Company No. 06054499
In the full profile
Management service co.
Hard FM provider
Senior lenders
Financial adviser
Legal adviser
Diligence Signals
Risk & CounterpartyLocked
Diligence signals
1 tracked
regulatory
Grantor election exposure
Disputes & precedent
The full risk register covers counterparty credit, political cycle, regulatory determinations and dispute history for concessions in this class.
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Public Record
FAQs
Who is the grantor of this concession?
The grantor on file is Cambridgeshire.
Who operates Cambridgeshire Waste Management Project?
The operator on record is Thalia Wb Spv Limited.
When does the concession expire?
The contract end on file is 31 Mar 2036 — 10 years remaining.
What is the unitary charge?
The unitary charge for FY 2026-27 is £44.4m per the HM Treasury 2025 return. The full indexed schedule is available in the platform.
What is the capital value?
£66.6m per the HM Treasury 2025 return.
Who holds the equity?
Per the HMT 2025 return: Ferrovial S.A. (100%). Transaction history is available in the platform.
Transparency
Data & Sources
How this entry is verified
Reconciled against HM Treasury PFI/PF2 2025 summary data. View the gov.uk publication →
How Concessio sources data
Records are extracted from primary public sources — regulatory filings, government disclosures and official registries — and cross-checked before entering the platform. Every published datum carries its source citation in the app.