Residents have welcomed the news the proposed waste facility in Queanbeyan West will not go ahead after the company withdrew its application.
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Waste management company Suez announced on Friday they would be withdrawing their application due to be decided at a meeting of the Southern Joint Regional Planning Panel scheduled for October 18.
Damian Hanley, who lives 37 metres from the site, said it was an excellent feeling after preparing to move both his home and business away from Queanbeyan.
"It would have severely impacted our quality of life and the value of our property," Mr Hanley said.
"It sort of feels like the little guy has won.
"I don't know if elation covers it but it's pretty bloody awesome."
George and Julia Dimitriadis, also nearby residents, said considering the potential impacts this was the only appropriate course of action.
"This sort of facility should not be anywhere near an urban area," Mrs Dimitriadis said.
Mr Dimitriadis added: "We're relieved that Suez has seen common sense and withdrawn the proposal."
"Justice must prevail where the quality of human life is always put ahead of greedy business proposals."
The Queanbeyan-Palerang council determined last Wednesday to oppose the development application.
The waste station had been a highly contentious issue in the community with residents primarily concerned about odour, traffic and noise.
Suez indicated the principal reason for the proposed facility was because its site in Hume in the ACT had limited capacity for expansion and was not suitable to develop as a large resource recovery facility capable of handling a range of waste types.
During the public exhibition of the proposal the ACT government made the only submission in favour of the proposal and a further 117 objections were lodged.
Suez released a statement on Friday officially withdrawing their application.
"We are taking the time to address elements of the proposal, in light of current waste infrastructure strategy assessments being undertaken by the ACT and NSW governments.
"Suez believes that there still remains the need for waste management facilities to meet the ACT and Queanbeyan's recycling and recovery needs."
A spokesman for Environment Minister Mick Gentleman said the proposal was not part of the ACT government's waste infrastructure planning as it was based on a commercial decision by Suez.
He said the government would consider the outcomes of the Waste Feasibility Study in the near future, which would look at how to reduce the amount of waste generated and recover as many resources as possible.
Speaking prior to Suez's announcement Queanbeyan Mayor Tim Overall reiterated many of the public's concerns.
"Council has concerns about the traffic generating capacity of the development and the impact that will have on the local roads network," he said.
"The development does not protect the amenity of existing residences in relation to potential odour impacts.
"I think the other concern for councillors was that the proposed development doesn't satisfy the minimum recommended buffer distance and in summary our general view was that it was not in the public's interest."