Bombardier wins Crossrail rolling stock tender
Canada's Bombardier has been awarded a £1 billion (US$1.63 billion) contract to supply trains to the London Crossrail rolling stock project.
The contract between Transport for London (TfL) and Bombardier covers the supply, delivery and maintenance of 65 new trains and a depot at Old Oak Common. TfL will run Crossrail as part of its integrated transport services for London, including ticketing and customer travel information.
Last year, the government scrapped plans to procure the Crossrail rolling stock as a private finance initiative (PFI) and instead decided to finance it fully on Transport for London's balance sheet.
Bombardier beat out opposition from Japan's Hitachi and Spanish firm CAF to land the contract. The company lost out to Germany's Siemens in 2011 for a £1.6bn deal to provide trains for the north-south Thameslink scheme. Bombardier has confirmed that the new trains will be manufactured and assembled at their plant in Derby.
Boris Johnson, Mayor of London, stated:
The Crossrail project is now rolling on full-steam ahead. The manufacture of these new trains will not only revolutionise rail travel in London, they will deliver jobs and economic growth in their birthplace in Derby and across the UK. With a firm on board to deliver a fleet of 21st century trains and the tunnelling more than halfway complete, we're on track to deliver a truly world-class railway for the capital.
Crossrail will boost London's rail-based capacity by 10% connecting Maidenhead and Heathrow in the west and Shenfield and Abbey Wood in the east. It is connecting people and places, providing faster journey times and up to 24 trains per hour between Paddington and Whitechapel during the peak.
Country news
-
-
February 10, 2014
Project finance lawyer Robin Mizrahi joins Baker Botts in London
Robin Mizrahi, who specializes in project finance, energy and infrastructure particularly in emerging markets, has joined law firm Baker Botts as a partner in the firm's London office. Read more -
February 12, 2014
John Laing to launch IPO of environmental infrastructure unit
UK's infrastructure developer, John Laing, has announce its intention to sell seven operational and yielding environmental infrastructure assets to the newly launched fund, John Laing Environmental Assets Group Limited (JLEN). The divestment will be concluded upon the successful completion of JLEN's initial public offering. Read more -
February 13, 2014
3i Infrastructure appoints new Managing Partners
Listed infrastructure investment fund, 3i Infrastructure, yesterday announced that its investment adviser, 3i Investments, a wholly-owned subsidiary of 3i Group, has made changes to the leadership of its infrastructure business. Read more -
February 14, 2014
Financial close for Scottish road PPP project
The M8, M73 and M74 motorway improvements PPP project in Scotland reached financial close financed by a group of investors managed by Allianz Global Investors and the European Investment Bank (EIB). Read more -
February 17, 2014
Ferrovial in $1.3 billion bid for British airports
According to Spanish newspaper Expansion, Spanish infrastructure group Ferrovial has offered Heathrow Airport Holdings (HAH) 800 million pounds ($1.3 billion) for British airports Aberdeen, Glasgow and Southampton. Read more
