M/s. SMC Infrastructures Pvt. Ltd. financed the project at 75:25 debt- equity ratio with rate of interest as 13% and 17% respectively. Further, M/s. SMC Infrastructures Pvt. Ltd. incorporated a special purpose vehicle- M/s. Hindustan Waste Treatment Pvt. Ltd. (HWTPL) for execution of the project and operation for 10 years. The SWMF was inaugurated on 30th May 2016 and is successfully operating since then. Presently, the GWMC is managing associate for the SWMF at Calangute/ Saligao.
Post construction of the plant a noticeable change in the surrounding natural environment is observed with different species of plants along with fruit/vegetable bearing plants growing and increase in the butterfly species and migratory bird count.
The project site which was an abandoned quarry site and later used as a waste dumping site for over 25 years was totally contaminated and degraded. With the construction of the Integrated Solid Waste Management Facility, the land was recovered and restored to its pristine natural condition. The facility is one of its kind Brown-field project in the country.