Blackpool streetlighting PFI closes

The Community Lighting Partnership (CLP) has reached financial close on the £33.9m Blackpool Streetlighting PFI, with Barclays and NAB as joint mandated lead arrangers.

Telereal Trillium and Pell Frischmann will now provide for the replacement and maintenance of more than 16,000 street lights and more than 100 traffic signal junctions in the Blackpool area.

This is the first PFI for the consortium, which is now actively bidding on a further three street lighting deals.

Blackpool is the 24th PFI street lighting contract to be awarded and brings the total value of PFI credits made available for signed street lighting projects to £867m.