Issue details

Refinancing of Streetlighting PFI

The Council is considering refinancing proposals on the Street Lighting PFI contract, joint with the London Borough of Lewisham, which will result in a gain to the Council and increased termination liability

Decision type: Key

Reason Key: Expenditure > £1,000,000;

Decision status: For Determination

Wards affected: (All Wards);

Notice of proposed decision first published: 19/10/2022

Financial Impact: Expenditure or savings of up to £1,000,000;

Decision due: 7 Dec 2022 by Cabinet

Lead member: Cabinet Member for Finance

Lead director: Interim Corporate Director of Resources (Section 151)

Department: Resources Directorate

Contact: Nish Popat, Interim Head of Corporate Finance Email: nish.popat@croydon.gov.uk.