The 25-year concession will involve the design and installation of 50,000 street lights and 6,000 signs and bollards during the five-year capital investment period, and the ongoing maintenance of all existing and new equipment.
Balfour Beatty will invest equity of approximately £5 million into the concession.
Balfour Beatty Chief Executive, Ian Tyler, said: “We are delighted to have reached financial close for this contract. We look forward to a long-term partnership with Cambridgeshire County Council to transform the County’s street lighting.”
The Cambridgeshire job adds to Balfour’s existing contracts in Sunderland, South Tyneside, Derby and Coventry proceeding successfully.