Balfour Beatty has secured its sixth public-private partnership street lighting contract after signing a £230 million deal with Northamptonshire County Council
It adds to the projects the company has in Cambridgeshire, Coventry, Sunderland, South Tyneside and Derby.
The 25-year deal will involve the design, installation and maintenance of about 46,000 street lights, including 34,000 new street lighting columns, and 11,000 signs and bollards.
There will be a five-year capital investment period, as well as the ongoing maintenance of all existing and new equipment. It will be delivered under the Cambridgeshire street lighting PPP, with Balfour Beatty investing £6.5m of equity.
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.”