HS2

05.10.16

Abellio completes £600m financing deal for Stadler rolling stock

Abellio has today finalised contracts worth over £600m to procure and finance 58 Stadler Flirt trains as part of the new East Anglia franchise.

Funding for the 378 electro-diesel multiple-units was led by Rock Rail and SL Capital Partners. Additional co-investment equity is being provided by the Greater Manchester and London Pension Fund authorities. 

The 58 trains that make up the deal comprise 378 vehicles with a combination of 20 12-car Intercity EMUs and 38 Regional Bi-mode Multiple Units, in both 3-car (14 units) and 4-car (24 units).

The announcement comes just days after it emerged Angel Trains would be financing the £900m deal to purchase 665 Aventra EMU cars from Bombardier, which will serve mainly suburban routes into London.

Dominic Booth, MD of Abellio UK, said: “Our ambitious plans for the new franchise are centred on the largest-ever privately-funded train procurement in the UK to give the people of East Anglia high-quality trains as part of a transformation of the region’s railway.

“They will be the centrepiece of many other improvements including more frequent services, faster journeys and more capacity with 55% more seats into London in the morning peak.”

Abellio added that the Stadler trains, which represent the first major passenger fleet order in the UK for the company, will run on InterCity services between London and Norwich; Stansted Express airport services from London to Stansted Airport; and key regional services in East Anglia.

It was noted that the trains to be used on the East Anglia franchise will significantly enhance passenger journeys for people in Norfolk, Suffolk and parts of Essex and Cambridgeshire. The units will also be equipped with climate-controlled air-conditioning; ‘2x2’ seating; wi-fi and power points throughout the train; a low floor design, allowing easier access to platform from the train; passenger information systems with real-time information; and regenerative braking.

Peter Jenelten, executive vice president and head of marketing and sales of Stadler, said: “I am delighted that Stadler has been chosen by Abellio East Anglia for the supply of these new trains in the prestigious UK rolling stock market.

“All the trains we will be delivering are derived from the latest generation of the best-selling Flirt family, featuring low floor and level boarding for improved accessibility, passenger comfort and safety. The regional Bi-mode trains feature environmentally friendly, state of the art diesel-electric technology.”

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Comments

Andrew Gwilt   05/10/2016 at 15:57

Classification of these new trains could be classified in a Class 300 range or Class 700 range. The Bombardier Aventra trains could be classified as Class 340 or Class 328 or Class 3xx. The Stadler Flirt trains could be classified as Class 702 or Class 704 or Class 708 or Class 712 or Class 7xx.

Sam   05/10/2016 at 18:04

Wait and see, Andrew. I've heard some news but I'm not sure if I am allowed to announce it publically yet.

Wimg   05/10/2016 at 20:48

nice trains, clean rooftop , these popular European Stadlers, built in Poland, promise a hell of a better deal than that expensive Japanese gear, at least as long as Abellio can get them on EU conditions.

Andrew Gwilt   05/10/2016 at 22:11

Ok Sam.

Kevin   06/10/2016 at 20:33

Will they all be fitted with ETCS??

Andrew Gwilt   07/10/2016 at 11:57

I presume that these new trains will be fitted with ETCS. But its too early to know if they are to be fitted with ETCS or not.

Jerry Alderson   07/10/2016 at 16:54

A fortnight ago I attend a Railfuture-organised public meeting about the Digital Railway and there was a Network Rail speaker. The point was made that David Waboso wants all future work to make the network 'digital ready' and that new rolling stock would be expected to conform to that. Precisely what that means for the new AGA trains is unclear but an ETCS-compatible display screen is clearly going to be mandatory.

Tree Man   28/11/2016 at 19:56

Please make sure all the seats are lined up with the window. All the modern trains seem to fail on this. Thank you

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