Dive Summary:

• Covanta secured a contract with the New York City Department of Sanitation to remove 800,000 tons of waste from the city per year.
• The company will be responsible for transportation and disposal of garbage from two marine transfer stations located in Queens and Manhattan.
• The Queens transfer station is expected to be operational by 2015, with the Manhattan station ready in 2016, after construction work is finished by the city.

From the article:

The company said it expects to spend about $110 million on equipment including barges, railcars, containers and intermodal equipment. 

"Covanta plans to utilize capacity at existing facilities for the disposal," the company said in a filing with the U.S. Securities and Exchange Commission.