Balfour Beatty closes PPP street-lighting contract

British construction services company Balfour Beatty has reached financial close on the £203m PPP street-lighting contract for Cambridgeshire County Council.

The 25-year concession, in which Balfour Beatty will invest equity of approximately £5m, will involve the design and installation of 50,000 street lights and 6,000 signs and bollards, in addition to the ongoing maintenance of all existing and new equipment.