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| Balfour Beatty Reaches Financial Close For South Tyneside PFI street lighting contract Balfour Beatty, the international engineering, construction and services group, announces that Connect Roads South Tyneside, a specific vehicle within its specialist PFI roads concession company, Connect Roads has reached financial close on the Ј63 million PFI street lighting contract for South Tyneside Council. The contract is for a 25-year term. Under the contract, Balfour Beatty will take responsibility for the whole of South Tyneside’s street lighting and highways signs services. Balfour Beatty’s power line and cabling subsidiary, Balfour Beatty Power Networks, will carry out the work which will involve the replacement of 80% of the existing lighting infrastructure over the first five years of the contract and also includes providing lighting to previously unlit areas such as back lanes and footpaths. write your comments about the article :: © 2005 Construction News :: home page |