EIB has under appraisal a rolling stock acquisition project for East Anglia train franchise in the United Kingdom. The UK Department for Transport is currently procuring a new train operating company (TOC), which will be responsible for procuring new rolling stock to meet the output requirements of the franchise. Rolling stock financiers (ROCSOs) are bidding to the TOCs to supply the trains on a leased basis. This operation is specific to those ROSCOs offering limited-recourse project finance solutions.
The total cost of the rolling stock acquisition is EUR 917 million of which the proposed EIB finance is EUR 237 million.
Under the East Anglia rail franchise tender, there are 3 bidders:
Abellio East Anglia Ltd (a joint venture between Abellio and Stagecoach)
First East Anglia Ltd
National Express East Anglia Trains Ltd
The awarding contract should have been announced in June, but following the political Brexit referendum, the decision has not yet to be made. The bidders are still considered, and DfT estimated that in October will announce the winner of the contract.
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