The Anonymous Widower

Old Uncle Tom Cobley And All Financing

This article from Railway Gazette is entitled Pension funds back Abellio East Anglia order for Stadler trainsets.

These details of the trains are given.

Stadler’s first major order for UK main line passenger rolling stock covers 58 Flirt UK trainsets to be built in Switzerland. There will be 10 12-car 25 kV 50 Hz inter-city EMUs for London – Norwich services with 628 standard and 80 first class seats plus a bistro, and 10 12-car EMUs for the London – Stansted Airport route with 710 standard class only seats. The 24 four-car and 14 three-car electro-diesel units for standard class only regional services will have the diesel engines in a mid-train power module car.

But the most interesting part of the article is about the financing of the trains.

Funding is being led by Rock Rail and SL Capital Partners, with additional co-investment equity provided by the GLIL infrastructure investment joint venture of the Greater Manchester Pension Fund and London Pensions Fund Authority. Debt was arranged by DC Advisory from Aviva, Sun Life, Barings Asset Management, Legal & General, Standard Life Investments and the European Investment Bank, which is providing a 28-year £60m loan using its European Fund for Strategic Investments guarantee for the first time in the UK.

A large number of reputable names seem to have their signatures on the deal.

I notice that the European Inveestment Bank is there, so they can’t be too bothered about Brexit.

October 7, 2016 - Posted by | Finance, Travel | ,

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s