Rock Rail was awarded the financing deal for provision of new rolling stock by Abellio UK for use on the East Midlands Railway franchise. Rock Rail led the £400 million transaction with partner Japan Infrastructure Initiative who now merged into Mitsubishi HC Capital Inc., reaching financial close in August 2019, within 22 days of being selected as preferred funder.
The state-of-the-art bi-mode intercity fleet is being manufactured by Hitachi. It will be greener and quieter than the diesel trains it replaces which are some of the oldest diesel vehicles still in use in the UK. The 33 five-carriage units will begin operation in 2022.
As with Rock Rail’s 3 previous new rolling stock deals debt has been provided by UK and international institutional investors.
Rock Rail brought an innovative and agile approach to the contracting and procurement of new rolling stock for Abellio East Midlands. This helped to deliver a unique and successful outcome for all parties involved.
Nick Hughes Sales & Commercial Director Hitachi Rail
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.