The funding will allow Sheffield City Council to secure a private sector partner to upgrade 59,000 of Sheffield's streetlights over the next 25 years.
Rosie Winterton said:
"Experience shows that better streetlighting helps improve road safety, as well as reducing crime and the fear of crime. I am very pleased that Sheffield is using this PFI arrangement to deliver real benefits to motorists and pedestrians alike. "
The next stage in the process is for Sheffield Council is to dicuss with potential partners how the work will be undertaken.
