Review of the changes in risk sharing in the financing, construction and operation of solid waste resource recovery facilities

This paper deals with the changes in the financial arrangements which have occurred during the last ten years with reference to the financing of solid waste resource recovery facilities during this time period. Such changes are made evident in reviewing and comparing the manner in which the financial risk was distributed for certain of those projects financed during the early and mid-1970's with the manner in which risk is being allocated for projects being financed today. The paper examines the financing arrangements of specific projects in order to demonstrate how the industry has changed.