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.
Balfour Beatty will invest equity of approximately £5m into the concession.
"We are delighted to have reached financial close for this contract,” said Balfour Beatty chief executive Ian Tyler. “We look forward to a long-term partnership with Cambridgeshire County Council to transform the county's street lighting."
This is Balfour Beatty's fifth PPP street lighting concession, with projects in Sunderland, South Tyneside, Derby and Coventry already under way.
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