A Spanish multinational looks set to be awarded a new contract worth more than £42million to clean Waltham Forest's streets for at least the next six years.

It comes after Waltham Forest Council announced last year that it would not be renewing its deal with Kier, which had been criticised by residents over its performance.

After a tendering process the authority has announced Urbaser SA is its preferred bidder for the new contract, and its cabinet is expected to rubber stamp the decision at a meeting on Tuesday.

The firm will be paid £6.7million annually for six years and four months, with the option of renewing the contract for a further two years after that.

Kier's contract, which began in June 2008, is due to expire in June this year, when Urbaser SA would then take over.

The council says it sent out tender contracts to five companies and received three bids in return.

One of those rumoured to be in the running was controversial French firm Veolia, which has been criticised for its links with Israeli projects in the occupied territories. It denies any wrongdoing.

However Cllr Clyde Loakes, the cabinet member responsible, reportedly let slip to campaigners later last year that the firm was no longer in contention.

Urbaser SA, which is based in Madrid, describes itself as an environmental services company with expertise in street cleaning and waste management.