GSWA eyeing $25M financing for Layon

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(PNC photo)

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.

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Jolene Toves
Jolene joined the PNC team in 2017, as a producer, co-anchor and investigative reporter covering law enforcement, courts and crimes. Notable coverage includes the Ehlert case, the Mark Torre Jr. trial, the Allan Agababa trial, exclusive pieces on the Life of a Drug Dealer/Addict, and Life behind bars...the story of Honofre Chargualaf and Kevin Cruz. In 2019, she was promoted to Assistant News Director and Lead Anchor. From 2015 to 2017 she served as Public Relations and Promotions Manager, for the Hotel Nikko Guam handling local radio and advertorial promotions, as well as produced and directed tv commercials for the hotel. Prior to this she worked with KUAM for three years as a reporter and segment host. She began her journalism career in 2012, working with Glimpses of Guam contributing to the Guam Business Magazine, R&R magazine, MDM magazine and the Marianas Business Journal.