03.10.16
Angel Trains to finance £900m procurement of Abellio’s East Anglia electric fleet
The £900m needed to purchase 665 electric cars for Abellio’s new East Anglia fleet will be provided by financier Angel Trains.
In August, Abellio, the existing East Anglia franchise holder, was named as the preferred bidder to operate services from 2016 to 2025, beating First Group and National Express.
As part of its bid, Abellio promised a new fleet, consisting of 660 Bombardier Aventra electric multiple-unit cars and 383 Stadler Flirt electro-diesel multiple-unit cars.
Dominic Booth, MD of Abellio UK, said: “We are pleased to have finalised the agreement with our financier Angel Trains that is part of the largest-ever privately-procured train order in the UK.
“It will give the people of East Anglia high-quality trains as part of an ambitious transformation of the region’s railway. We look forward to working with Angel to deliver the 665 air conditioned Bombardier Aventra train carriages that will greatly improve the journey experience of millions of passengers.”
Angel, which has invested £4.7bn in the UK rail industry since privatisation, will partner with the Commonwealth Bank of Australia to finance the £900m procurement.
Malcolm Brown, CEO of Angel Trains, said: “The modernisation of East Anglia’s network is a major boost to the UK rail industry and the economy.
“We are delighted that, through the supply of 665 new Bombardier Aventra vehicles, Angel Trains will be contributing to an improved service and experience for passengers in the region.”
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