Peterborough City Council has signed a 10-year contract with Skanska for the provision of highway maintenance services.This includes design services, street lighting and drainage cleansing.The contract is known as Peterborough Highway Services. It replaces four existing contracts, providing local residents with a more efficient service and helping the council save around £7.5 million over the next 10 years. The local authority has an option to extend the contract for up to a further 10 years.Leader of the council Marco Cereste said: "The money this new contract will save the council over at least the next decade will be used to provide and improve other front-line services for our residents. It will save the council in the region of £750,000 every year which is vital at a time when we are receiving less money from the Government.”Skanska’s president and CEO Mike Putnam added: “As one of the UK’s greenest companies, we look forward to working in partnership with Peterborough City Council to help it achieve its environmental aspirations. We have extensive experience of building and maintaining highways, and are committed to working with the council to create local job opportunities.”