Intercity Express Programme

16/10/2017
Asset finance, Asset acquisition, Procurement

£ 5.7 billion

$ 7.49 billion

Announced

16/10/2017


Overview:

  • Intercity Express Programme.
  • The programme will provide new rolling stock for the Great Western and East Coast rail routes.
  • It is funded by Agility Trains and is being developed together with Hitachi Rail, GWR, Virgin Trains East Coast and Network Rail.
  • The first phase of the programme consists the introduction of 57 new Class 800 Hitachi trains that will run between Bristol and Paddington.
  • The second phase consists of the introduction of 65 Class 800 trains on the East Coast route and the construction of a major new maintenance facility at Doncaster
  • Agility Trains is a consortium compromising Hitachi Rail Europe, John Laing Group and John Laing Infrastructure Fund.
  • The lending group includes Japan Bank for International Co-operation, EIB, BTMU, Lloyds, HSBC, SMBC, Mitsubishi Trust Bank, Sumitomo Mitsui Trust Bank, Mizuho, Crédit Agricole, Société Générale and the Development Bank of Japan.

Katrin Kostadinova - Data analyst 

Jurisdiction:

United Kingdom

Deal types:

Asset finance
Asset acquisition
Procurement

Practice areas:

M&A
Project development

Governing law:

England and Wales

Industry sector:

Transport


Firms:

Party: Japan Bank for International Cooperation (Lender)

Party: European Investment Bank - EIB (Lender)

Party: Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: Lloyds Banking Group (Lender)

Party: HSBC (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: Sumitomo Mitsui Trust Bank (Lender)

Party: Mizuho Bank (Lender)

Party: Crédit Agricole (Lender)

Party: Société Générale (Lender)

Party: Development Bank of Japan (Lender)

Party: Mitsubishi Trust Bak (Lender)


Party: Agility Trains (Project developer)