The Croydon & Lewisham Street Lighting Joint Committee was scheduled to receive an update on the performance of their Private Finance Initiative (PFI) contractor. A new Chair and Vice Chair for the committee were also scheduled to be appointed.

Croydon & Lewisham Street Lighting PFI 2024/25 Update

The Croydon & Lewisham Street Lighting Joint Committee was scheduled to receive a report describing the performance of the PFI contractor that maintains street lighting in the boroughs of Croydon and Lewisham. The report, titled The Joint Street Lighting PFI Update and prepared by John Algar, the Street Lighting Manager, described the service provider as continuing to perform well against the contract.
The committee was scheduled to consider a proposal to approve a unitary charge of £2.905m for Croydon and £1.634m for Lewisham for 2024/25. The anticipated cost for 2024/25 is expected to be £11.699m. The proposed unitary charge in 2024/25 for Croydon and Lewisham works out at £2.905m and £1.634m respectively (based on agreed 64% to 36% split), with the remaining contribution derived from PFI credits provided by the Department for Transport, the report to the committee said. The committee was also scheduled to note the conclusion in the report that the installation of LED street lighting had reduced CO2 emissions by 65% over 7 years.
It was scheduled to consider approving a budget of £179,000 for Croydon and £101,000 for Lewisham for 2024/25 for the costs of managing and monitoring the PFI contract.

Appointment of Chair and Vice Chair

The committee was scheduled to appoint a Chair and Vice Chair for the municipal year 2024/25.