MPA’s sixth Members’ General Assembly saw the relaunch of the MPA Restoration Guarantee Fund. The fund ensures that in the case of an operator becoming financially insolvent, the restoration of a site can still be paid for and completed.
Lynda Chase-Gardener, Chairman of the MPARGF, said, “I am delighted to be able to relaunch the MPA Restoration Guarantee Fund scheme. The MPARGF gives communities, landowners and planning authorities the confidence that even when an operator goes bankrupt, quarrying will not leave a legacy that they will be left to clean up. It is an essential pledge that we are very pleased that we can make.
The Fund was created in 1975, covering England, Scotland and Wales. It has been strengthened by successive mergers to become the force it is today. It now has over 70 members, covering sand and gravel, crushed rock aggregates, industrial sands, lime and dimension stone.
Adapted from press release by Joseph Green
Read the article online at: https://www.worldcement.com/europe-cis/11062015/mpa-restoration-guarantee-fund-relaunched-994/