Rail technology leader Bombardier Transportation has today signed a contract to supply 665 new BOMBARDIER AVENTRA vehicles to Angel Trains, for operation by Abellio on its East Anglia rail franchise in the United Kingdom. The contract signing follows on from Bombardier being named as preferred bidder for this rolling stock order, as announced on 10th August 2016. Bombardier has also signed a separate contract to provide ongoing maintenance services support to Abellio Greater Anglia for the new trains for the duration of the franchise.
The rolling stock contract is valued at approximately £869 million GBP ($1.1 billion US, 1 billion euro) and the maintenance contract, which will run for 7 years (with an option to extend in line with any franchise extensions), is valued at approximately £83 million GBP ($108 million US, 97 million euro).
With reduced weight, increased capacity, improved energy efficiency and reliability, Bombardier’s new AVENTRA EMU delivers a significant increase in performance and passenger experience. The AVENTRA product family can meet various market needs and major orders have already been placed for Transport for London’s Elizabeth line (Crossrail) and London Overground’s LOTRAIN projects, where this rapidly growing metropolis is facing an increased demand for improved mobility and connectivity to its surrounding cities.
Abellio was announced as the new operator by the Department for Transport on 10 August and will operate the franchise starting October 2016. The new trains are expected to be delivered between January 2019 and September 2020.
Commonwealth Bank of Australia (CBA) will partner with Angel Trains to finance the £900 million procurement. The transaction builds on CBA’s ongoing relationship with Angel Trains and further establishes the bank’s credentials in the rail industry and support for U.K. manufacturing.