Eurovia abandons Isle of Wight asphalt plant project
First publishedon www.AggBusiness.com
Eurovia says it will not be pursuing plans to build a €2.68 million asphalt plant on the Isle of Wight.
A new partnership involving the firm will result in asphalt production at Blackwater Quarry, St George's Down being upgraded, negating the need for the new asphalt plant facility.
Residents had opposed plans for the new plant. A 25-year Public Finance Initiative was awarded to Eurovia Roadstone in 2012 to maintain the island's roads.
The firm has formed a joint venture with Aggregate Industries, the owner of Blackwater Quarry. If the Blackwater asphalt production upgrade is approved, the joint venture will trade as Wight Building Materials and supply pre-cast, concrete, asphalt and aggregate materials.