Balfour Beatty wins £230m Northants contract
Balfour Beatty has won a £230m street lighting PPP contract with Northamptonshire County Council.
The 25-year contract involves the design, installation and maintenance of about 46,000 street lights. It will also install about 34,000 new street lighting columns and 11,000 signs and bollards during a five-year capital investment period.
Balfour Beatty will about £6.5m into the deal. And the company will also oversea the ongoing maintenance of all existing and new equipment.
The contract was procured and will be delivered in partnership with the Cambridgeshire street lighting PPP contract – which Balfour Beatty closed in April.
Ian Tyler, chief executive of Balfour Beatty, 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."
This is Balfour Beatty's sixth PPP street lighting contract. The company is also involved in existing projects in Cambridgeshire, Coventry, Sunderland, South Tyneside and Derby.
