The North Wales Residual Waste Treatment Project (NWRWTP) is down to one bidder following the withdrawal of SITA UK from the bidding process.
This decision leaves only Wheelabrator in the shortlist for the contract and it is understood that NWRWTP will now negotiate further with Wheelabrator before making a decision on how to proceed.
SITA UK chief executive David Palmer-Jones said: “After careful consideration we have decided to withdraw from the North Wales procurement tender.
“The key reason is that upon review, in the current economic climate, this project ranks lower for us than our other opportunities. We would, however, like to wish the Partnership every success for the future.”
Worth an estimated £800 million, the NWRWTP contract will last for 25-years and is backed with £142.7 million funding from the Welsh Government.
The contract is from a partnership of five North Wales councils. These are Flintshire, Denbighshire, Conwy, Gwynedd and the Isle of Anglesey Councils.