The Anonymous Widower

TfL Plans To Sell Part Of Its Tube Trains To Raise £875m For New Piccadilly Line Fleet

The title of this post is the same as this article on the International Business Times.

Why not?

London’s Underground and Overground trains are well-built and well-cared for assets, that will probably be in service for excess of forty years.

Both parties win!

  • Transport for London, get a pile of cash, that can be invested in new trains.
  • The leasing company get a safe investment, in which to invest pension funds and other funds looking for long term investments.

In some ways, the leasing company’s biggest risk, is that new technology comes along, which means that TfL decide to change the trains and the trains are returned to the leasing company.

So long as the terms and costs are right, I’m all for it!



January 5, 2018 - Posted by | Finance, Transport |

1 Comment »

  1. Well until Corbyn and McDonkey win an election, nationalise ALL the railways, expropriate the trains and replace them with unsalable low yield bonds…

    Comment by Mark Clayton | January 5, 2018 | Reply

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