Dr Tim Stone, chairman
of KPMG’s Global
Infrastructure and Projects group, has won the prestigious role of the senior
costs advisor on a multibilllion-pound government nuclear waste programme.
The GIP group specialises in advising asset owners, government bodies,
contractors and infrastructure funds on the financing of major projects
worldwide across a wide range of sectors.
Secretary of State for Trade and Industry,
Darling, announced the appointment making good on the commitment set out in
Review Report to select a senior advisor to lead discussions with industry
on the costs associated with new build decommissioning and waste management and
make proposals, based on the principles set out in the report.
Darling said: ‘With his extensive background in investment and corporate
banking, Tim Stone will put in place the right arrangements for any new nuclear
build that might come forward. This will ensure the private sector meets the
full decommissioning costs and their share of long-term waste management
In discharging his duties, Dr Stone will make proposals to the Secretary of
State for Trade and Industry and the chief secretary of the Treasury.
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