Infrastructure - UK waste water treatment model

Dalmuir Waste Water Treatment Works PFI

Dalmuir Waste Water Treatment Works PFI ("Dalmuir") is in Clydebank, owned by Scottish Water and operated by SAUR Services Glasgow.

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Dalmuir Waste Water Treatment

Clydebank, Scotland

Scotia Water Dalmuir Ltd, the special project PFI company established by Taylor Woodrow Construction, SAUR (UK) Ltd, Stereau SA, Barr Holdings Limited, Halcrow and Innisfree, achieved financial closure for the Dalmuir wastewater treatment works project in Glasgow on Wednesday 14 July 1999. The project is valued at £50 million.

Water works

The project involves the design and construction of a secondary treatment works capable of treating an annual flow of approximately 100 mililon cubic metres per year of sewage to meet the standards required by the Urban Waste Water Treatment (Scotland) Regulations 1994 for West of Scotland Water Authority.   Scotia Water Dalmuir Ltd is responsible for the operation and maintenance of works, in conjunction with West of Scotland Water, to meet these criteria for 25 years. Performance is closely monitored by the West of Scotland Water Authority and Scottish Environment Protection Agency.

Scotia Water Dalmuir Ltd’s advisors for this important project were Norton Rose (Legal) and ING-Barings (Financier); its lead bank arrange was Paribas.

Dalmuir modelling

Lazuli Solutions began its involvement with Dalmuir in 2008 with the complete design and rebuild of the operating financial model.  The primary objectives of this rebuild were to create an update-able financial model for Dalmuir to report to directors, lenders and shareholders.  The practical reasons were to free SAUR UK from a previous model that was over-complex and relied too heavily on a series of mysterious macros.

The model was also used extensively for other purposes including questions on tax, the cash reserves, new costs and SWAPs.

Project:
Strategic operating model for Scottish waste water treatment company, 2008
Location:
Glasgow, Scotland
Product:
Strategic operating model
Client:
Dalmuir Waste Water Treatment Ltd

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