ANGEL TRAINS TO FINANCE £900MILLION EAST ANGLIA ELECTRIC FLEET

untitledABELLIO TO PURCHASE 665 ELECTRIC CARS FOR NEW FLEET

Angel Trains, who have already invested £4.7 billion in the UK rail industry since privatisation, have now been announced as financers for Abellio’s East Anglia electric fleet project in partnership with the Commonwealth Bank of Australia. The plan to purchase 665 electric cars is due to cost £900 million and be delivered by 2025.

In August, Abellio, the existing East Anglia franchise holder, was named as the preferred bidder to operate the services, beating First Group and Nation Express. As part of their bid, Abellio promised a new fleet, comprising of 600 Bombardier Aventra electric multiple-unit cars and 383 Stadler Flirt elector-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.”

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.”

Read the article here.

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