Government provides $10m loan to kickstart Victorian recycling

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The clean up can finally begin on the thousands of tonnes of recycling stockpiled in warehouses around Melbourne, after SKM's receivers get a $10 million loan from the state government.

Thousands of tonnes of recycling stockpiled in warehouses around Melbourne will begin to be cleaned up after the Andrews government loaned SKM's receivers $10 million.

The Andrews government says it is working with local councils on a “major overhaul” of the kerbside collection system to prevent future failures. “An overhaul of kerbside collection is the next step in getting our recycling sector back on track by reducing contamination and improving the quality of recyclable materials,” she said.

Australia’s largest waste disposer, Cleanaway, has bought $60 million of that debt, putting it in a strong position to take over SKM.A huge fire broke out at SKM's Coolaroo site in 2017, sending plumes of toxic smoke over Melbourne’s northern suburbs. The blaze forced the evacuation of businesses and residents.

 

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