With cells 1 and 2 at the Layon Landfill nearing its maximum capacity by 2021, the Guam Solid Waste Authority said it needs at least around $25 million to finance the construction of a new cell to accommodate the island’s waste.
According to court documents, cell 3 is imperative to complete the post closure process at Ordot dump. With only two years before 1 and 2 reaches full capacity, the construction of the new cell will take about the same time to construct.
The GSWA financing plan involves a dual approach which includes construction loan and bond financing. Both options would require legislative authorization and approval. The Guam Economic Development Authority, in conjunction with the bond counsel, drafted legislation and a request for proposal for the proposed financing.
The plan outlines a project cost of around $25 million to $30 million. The plan includes a proposal to apply for a general obligation bond or a loan to finance the construction of the new cell.
The Government’s financial plan was submitted to the District Court of Guam for their review.
