Coventry is to benefit from over £64M to replace the majority of its street lighting, regional and local transport minister Norman Baker announced today.
Following contractual arrangements being finalised today this Private Finance Initiative (PFI) funding is expected to deliver:
- Installation of nearly 28,000 new lighting columns within the first five years
- Replacement of nearly 6,000 illuminated traffic signs and bollards
- Reduction in energy consumption and CO2 emissions of 38%
- The provision of state of the art technology which will enable Coventry City Council to have a flexible approach to street lighting and to be pro-active with early detection of defective lighting
Baker said: “This is very good news for Coventry. Better lighting means a reduction in the fear of crime, less light pollution and a safer, more user-friendly night time environment for everyone.
“This project, which is being delivered using PFI funding, will deliver real benefits to residents, motorists and pedestrians alike. Partnerships like this provide a framework for investment in much-needed improvements in our local public services and communities.”
The council has signed individual PFI contracts with Balfour Beatty. It is expected work will commence later this year.