Their current objectives and plans are set out in the re3 Joint Municipal Waste Management Strategy, which was signed in 2008.
FCC Environment (formerly Waste Recycling Group) joined the partnership in 2006. They signed a Private Finance Initiative contract with the councils, worth £610million, to provide new waste management facilities and work with them to minimise waste.
The partnership received a PFI grant from the Government of £37m. As this is paid as an annual grant over the 25 years, this equates to £74m by the end of the contract term.
re3 will help the three councils to meet or exceed Government targets for waste reduction and recycling including
By the end of the PFI contract in 2021 the re3 partnership expects to recycle or compost more than 50% of its waste and obtain value from 74% of it.
re3 does not replace the three council´s existing kerbside refuse collection and recycling services and residents should continue to use these. Residents can also use the two new re3 Household Waste Recycling Centres in Reading and Bracknell to recycle and dispose of many other different types of household waste.