The international infrastructure Group, Balfour Beatty, has announced that it has been appointed as preferred bidder for the £250 million PPP street lighting contract by Coventry City Council.

The 25-year concession will involve the design, installation and maintenance of 33,000 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.

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Commenting on the contract award, Chief Executive, Ian Tyler, said: "We are delighted to have been selected as preferred bidder for this contract. We look forward to working in partnership with Coventry City Council to transform the city's street lighting. We will develop infrastructure within the area to enable us to deliver the contract and will create local employment opportunities."

The contract will deliver a number of technical innovations which will result in a 38% energy reduction across Coventry City Council's stock.

(CD/GK)