Balfour Beatty, the international infrastructure group, announces today that it has reached financial close on the £203 million PPP street lighting contract for Cambridgeshire County Council.

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.

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Balfour Beatty will invest equity of approximately £5 million into the concession.

Commenting on the contract award today, 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."

(CD/GK)