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Light rail / Tram / Metro, Road management / Maintenance, East Anglia, East Midlands, East of England, West Midlands
Hope for transport PFIs as Coventry lighting deal approved
Ministers have approved Coventry City Council’s Private Finance Initiative deal for streetlighting, giving hope to other local authorities awaiting ministerial decisions on £3.6bn of PFI funding for transport infrastructure.
Local transport minister Norman Baker announced Government approval for the final business case for Coventry City Council’s street lighting contract, allowing the release of £64m of PFI credits. The signing of Coventry’s contract with...
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