City council appoints contractor as preferred bidder on 25-year installation and maintenance contract
Balfour Beatty has been appointed preferred bidder for a £250m PPP street lighting contract by Coventry City Council.
The 25-year concession will involve the design, installation and maintenance of 33,000 streetlights and 6,000 signs and bollards during the five-year capital investment period, and the continuing maintenance of all existing and new equipment.
Balfour Beatty will invest equity of approximately £6.3m into the concession.
Balfour Beatty chief executive Ian Tyler said: “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 that will result in a 38% energy reduction across the council's stock, including a centrally controlled dimming system to allow light levels to be reduced when streets are quiet.
This is Balfour Beatty's fourth PPP street lighting concession in the UK, following projects in Sunderland, South Tyneside and Derby.