Balfour signs sixth street lighting deal worth £230m

Grant Prior 11 years ago
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Balfour Beatty has signed its sixth major street lighting PPP contract after confirming financial close today on a £230m deal with Northamptonshire County Council.

The 25-year contract will involve the design, installation and maintenance of about 46,000 street lights.

Work will include approximately 34,000 new street lighting columns and 11,000 signs and bollards during a five-year capital investment period, as well as the ongoing maintenance of all existing and new equipment.

Balfour will invest equity of approximately £6.5m into the concession.

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 Northamptonshire County Council to transform the county’s street lighting.”

Balfour currently runs PPP street lighting deals in Cambridgeshire, Coventry, Sunderland, South Tyneside and Derby.

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