This resource recovery and recycling business was established as a joint venture in the Far North between the Community Business and Environment Centre, a community business, and local iwi organisation Te Runanga o Te Rarawa.
Following their success with their first waste management contract with the Far North District Council (FNDC), Clean Strem Northland submitted a new tender in 2004 for an extended contract.
Their success in meeting and exceeding the key performance indicators was central to their being awarded the new contract. In particular, the target set for resource recovery from the waste stream had been 50% - they achieved 65% recovery.
The underlying reason for the out-performance of contract terms is simply because CSN believes passionately in resource recovery and waste minimisation. It is not "just a business" to the two joint venture partners.
This focus was reflected in CSN's new tender where they have reaffirmed their commitment to work to achieve FNDC's target of zero waste to landfill. They have also proposed an extension to the range of recyclables collected at the transfer stations to include a range of building and other materials not hitherto recycled.
Given their good performance with the first contract and the objectives proposed in their new tender CSN was successful in winning the waste management contract for the next three years for this region. This new contract is not only framed over a longer time period than the previous one but is also considerably broader in scope.
As a result Clean Stream Northland approached Prometheus for a significant loan to purchase the additional plant and machinery needed for their expanded operation. We were impressed with CSN's performance in their first year of managing waste recovery in this region and were impressed by their standards of operational and financial management.
Consequently, we were more than content to approve this new loan and pleased to be able to further develop our relationship with this forward-thinking organisation.